The role of the accountant in preventing money laundering
Legalization of illegally obtained income, money laundering is an extremely negative social phenomenon, represented both on a national and international scale. The inclusion of illegally acquired income in legal financial flows not only undermines the economic and monetary system, but also undermine...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac
2024-01-01
|
| Series: | Trendovi u Poslovanju |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2401027C.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823859905307607040 |
|---|---|
| author | Cvetković Dragan Vujičić Slađana Stanković Sunčica |
| author_facet | Cvetković Dragan Vujičić Slađana Stanković Sunčica |
| author_sort | Cvetković Dragan |
| collection | DOAJ |
| description | Legalization of illegally obtained income, money laundering is an extremely negative social phenomenon, represented both on a national and international scale. The inclusion of illegally acquired income in legal financial flows not only undermines the economic and monetary system, but also undermines the political stability and security of the state. The concern about money laundering has become one of the main preoccupations of governments and financial sector regulatory bodies around the world. One of the state's responses to this negative phenomenon is an effective system for combating money laundering and terrorist financing. A system characterized by partnership between the private and public sectors, coordination and cooperation between competent state authorities and all its participants/obligors. The accounting profession plays an important role in the financial system by facilitating transactions that support the nation's economy. Accountants are obliged to apply and observe the measures and actions prescribed by law related to the prevention of money laundering, thereby ensuring that their services are not used for criminal purposes. The aim of this paper is to expand the spectrum of knowledge about the phenomenon of money laundering and to point out the significant role of accountants in a complex and dynamic process such as the prevention of money laundering. |
| format | Article |
| id | doaj-art-539663c93d2b49efa5db302ef44abf1b |
| institution | Kabale University |
| issn | 2334-816X 2334-8356 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Visoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, Kruševac |
| record_format | Article |
| series | Trendovi u Poslovanju |
| spelling | doaj-art-539663c93d2b49efa5db302ef44abf1b2025-02-10T19:38:25ZengVisoka poslovna škola strukovnih studija Prof. dr Radomir Bojković, KruševacTrendovi u Poslovanju2334-816X2334-83562024-01-01121273810.5937/trendpos2401026C2334-816X2401027CThe role of the accountant in preventing money launderingCvetković Dragan0Vujičić Slađana1https://orcid.org/0000-0002-8532-2644Stanković Sunčica2https://orcid.org/0000-0001-8824-1973Visoka škola za poslovnu ekonomiju i preduzetništvo, Beograd, SerbiaVisoka škola za poslovnu ekonomiju i preduzetništvo, Beograd, SerbiaVisoka škola za poslovnu ekonomiju i preduzetništvo, Beograd, SerbiaLegalization of illegally obtained income, money laundering is an extremely negative social phenomenon, represented both on a national and international scale. The inclusion of illegally acquired income in legal financial flows not only undermines the economic and monetary system, but also undermines the political stability and security of the state. The concern about money laundering has become one of the main preoccupations of governments and financial sector regulatory bodies around the world. One of the state's responses to this negative phenomenon is an effective system for combating money laundering and terrorist financing. A system characterized by partnership between the private and public sectors, coordination and cooperation between competent state authorities and all its participants/obligors. The accounting profession plays an important role in the financial system by facilitating transactions that support the nation's economy. Accountants are obliged to apply and observe the measures and actions prescribed by law related to the prevention of money laundering, thereby ensuring that their services are not used for criminal purposes. The aim of this paper is to expand the spectrum of knowledge about the phenomenon of money laundering and to point out the significant role of accountants in a complex and dynamic process such as the prevention of money laundering.https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2401027C.pdfmoney launderingincometransactionaccountantsprevention |
| spellingShingle | Cvetković Dragan Vujičić Slađana Stanković Sunčica The role of the accountant in preventing money laundering Trendovi u Poslovanju money laundering income transaction accountants prevention |
| title | The role of the accountant in preventing money laundering |
| title_full | The role of the accountant in preventing money laundering |
| title_fullStr | The role of the accountant in preventing money laundering |
| title_full_unstemmed | The role of the accountant in preventing money laundering |
| title_short | The role of the accountant in preventing money laundering |
| title_sort | role of the accountant in preventing money laundering |
| topic | money laundering income transaction accountants prevention |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2334-816X/2024/2334-816X2401027C.pdf |
| work_keys_str_mv | AT cvetkovicdragan theroleoftheaccountantinpreventingmoneylaundering AT vujicicslađana theroleoftheaccountantinpreventingmoneylaundering AT stankovicsuncica theroleoftheaccountantinpreventingmoneylaundering AT cvetkovicdragan roleoftheaccountantinpreventingmoneylaundering AT vujicicslađana roleoftheaccountantinpreventingmoneylaundering AT stankovicsuncica roleoftheaccountantinpreventingmoneylaundering |