Money Laundering Crime and Its Situational Prevention in Iranian Law and International Law

  •  Farzad Sohraby    
  •  Hossein Habibitabar    
  •  Mohammad Reza Masoudzade    


Crime prevention is crucial to social life which necessitates the need for conducting criminology studies to identify the causes of the crime. In this paper, we focus on money laundering crime. First we discuss about money laundering crime in Iran’s penal system, and after presenting its criminological characteristics (transnational, organized and victimless), we review Iran’s legal system and the international conventions about this crime. Then, since major situational prevention measures against money laundering are related to the banks and financial institutions, we proposed some measures for financial institutions such as staff training, adjusting banking secrecy laws, monitoring money transfer, reporting large cash transactions, and reporting suspicious transactions. Results showed that Iran’s anti money laundering laws are in accordance with Merida convention, for example, in terms of identification, record-keeping and the reporting, but do not obligate the identification of customer when there is criminal evidence.

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