The Supremacy of International Trade Regulations over Legal Entities’ Bank Deposits from the Perspective of Money Laundering
Keywords:
FATF, Money Laundering, International Financial Terrorism Institution, Economic Crimes, Legal EntitiesAbstract
The Financial Action Task Force (FATF) is an international body whose objective is to strengthen and enhance the international response to combating money laundering. This institution expanded its mandate in October 2001 to include combating both money laundering and the financing of terrorism. In the field of anti-money laundering, it issued the Forty Recommendations, which constitute a fundamental framework for combating money laundering and were designed and formulated for implementation at the global level. The FATF monitors the progress of its members in implementing anti-money laundering measures, examines and reports on money laundering methods and techniques, and encourages the adoption and implementation of anti-money laundering principles worldwide. Each FATF member country is politically committed to combating money laundering in accordance with the FATF Forty Recommendations (Financial Action Task Force [FATF], 2001). In this study, by examining institutions such as the Financial Action Task Force, we seek to analyze the function of international trade law in preventing money laundering by legal entities within banks. This research employs a descriptive–analytical method, and through the examination of books, documents, and reports of relevant institutions, concludes that the role of international trade law in establishing disciplined institutional frameworks has been highly effective in preventing money laundering by legal entities in banks.
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Copyright (c) 2025 Firouzeh Heydarzadeh (Author); Ahmad Shams; Siamak Amoozeidi (Author)
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