Investment Law Essay Example | Topics and Well Written Essays - 4000 words

Investment Law - Essay Example In some countries including United Kingdom, money laundering would be treated as a severe crime and persons indulged in money laundering would be punished strictly. It is not necessary that money laundering is restricted to only organized crime, it may be employed to create new assets or to increase the present assets illegally so that it would hamper the national economic growth rate of any nation in terms of gross domestic product3. The measures which lead to tax manipulations and faulty http://74.125.153.132/search?q=cache:WDGICRzCIJoJ:www.unodc.org/pdf/convention_1988_en.pdf+vienna+convention+against+illicit+traffic+innarcotic+Drugs+and+psychotropic+substances(1988)&cd=1&hl=en&ct=clnk&gl=in As discussed earlier, money laundering may be operated by different agencies or persons ranging from private individuals to terrorists at both national and global levels. The main concern of the society now a days is the role of money laundering played in strengthening the organization and financial health of terrorist outfits which is highly dangerous for establishing world peace4. There are sympathisers operated at various levels from the society who support terrorists by financing them through illegal means which also come under money laundering. Hence there is a strong connecting link between money laundering and terrorist financing. The alarming thing before us at this moment is the increasing magnitude of the problem of money laundering. Various types of processes are involved in terrorist financing terrorists and money laundering is most important means out of these processes. People from regular streams like employees, scientists and artists may be involved in online transactions which finance the terrorist outfits. Hawala is one of the most important means through which money is laundered. Terrorist organizations like Alkhaida got tremendous benefit through hawala transactions in building their