Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law
The electronic revolution and as a result the increasing growth of electronic commerce and the increasing complexity of financial markets, despite the rich profits it has brought to the government and nations, has also caused the growth of a group of crimes, one of which is money laundering. Money l...
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Shahr-e- Danesh Research And Study Institute of Law
2024-09-01
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| Series: | پژوهشهای حقوقی |
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| Online Access: | https://jlr.sdil.ac.ir/article_178574_bf50cf5322d623fc33a3505f03b1fdc4.pdf |
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| _version_ | 1832591591436451840 |
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| author | Fatemeh Gilak Davood Khaksar Mahsa Shiravi |
| author_facet | Fatemeh Gilak Davood Khaksar Mahsa Shiravi |
| author_sort | Fatemeh Gilak |
| collection | DOAJ |
| description | The electronic revolution and as a result the increasing growth of electronic commerce and the increasing complexity of financial markets, despite the rich profits it has brought to the government and nations, has also caused the growth of a group of crimes, one of which is money laundering. Money laundering means making the proceeds of criminal activities appear legal and legitimate. In this process, by hiding the illegitimate source of his income, the person spends the resulting money in legitimate and legal ways and causes its original source to disappear, and in the end, his dirty money becomes clean money. On the other hand, today, the desire of individuals and communities to use cryptocurrencies, especially Bitcoin, is increasing, and the use of this currency, despite all its advantages and merits, has provided the basis for the growth of money laundering. In our country, during the last two decades, corruption and money laundering have become two inseparable components of Iran's economy; Therefore, what is very important today is the implementation of an effective and efficient mechanism to combat all types of money laundering, including money laundering through cryptocurrencies. The most important solution currently proposed is to join the FATF convention, recognize and establish strict laws regarding bitcoins due to their digital nature, which can be used to prevent crimes such as money laundering. This research has been done using descriptive-analytical method and using library resources. |
| format | Article |
| id | doaj-art-987b526cb5fb410dabd587b282b68065 |
| institution | Kabale University |
| issn | 1682-9220 2717-0020 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Shahr-e- Danesh Research And Study Institute of Law |
| record_format | Article |
| series | پژوهشهای حقوقی |
| spelling | doaj-art-987b526cb5fb410dabd587b282b680652025-01-22T10:12:32ZengShahr-e- Danesh Research And Study Institute of Lawپژوهشهای حقوقی1682-92202717-00202024-09-01235934737810.48300/jlr.2023.408518.2406178574Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian LawFatemeh Gilak0Davood Khaksar1Mahsa Shiravi2M.A in Criminal Law and Criminology, Pardis Branch, Islamic Azad University, Tehran, Iran.Assistant Professor, Department of Criminal Law and Criminology, Pardis Branch, Islamic Azad University, Tehran, Iran.Assistant Professor, Department of Criminal Law and Criminology, Pardis Branch, Islamic Azad University, Tehran, Iran.The electronic revolution and as a result the increasing growth of electronic commerce and the increasing complexity of financial markets, despite the rich profits it has brought to the government and nations, has also caused the growth of a group of crimes, one of which is money laundering. Money laundering means making the proceeds of criminal activities appear legal and legitimate. In this process, by hiding the illegitimate source of his income, the person spends the resulting money in legitimate and legal ways and causes its original source to disappear, and in the end, his dirty money becomes clean money. On the other hand, today, the desire of individuals and communities to use cryptocurrencies, especially Bitcoin, is increasing, and the use of this currency, despite all its advantages and merits, has provided the basis for the growth of money laundering. In our country, during the last two decades, corruption and money laundering have become two inseparable components of Iran's economy; Therefore, what is very important today is the implementation of an effective and efficient mechanism to combat all types of money laundering, including money laundering through cryptocurrencies. The most important solution currently proposed is to join the FATF convention, recognize and establish strict laws regarding bitcoins due to their digital nature, which can be used to prevent crimes such as money laundering. This research has been done using descriptive-analytical method and using library resources.https://jlr.sdil.ac.ir/article_178574_bf50cf5322d623fc33a3505f03b1fdc4.pdfmoney launderingcryptocurrencybitcoindigital currencyfatf |
| spellingShingle | Fatemeh Gilak Davood Khaksar Mahsa Shiravi Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law پژوهشهای حقوقی money laundering cryptocurrency bitcoin digital currency fatf |
| title | Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law |
| title_full | Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law |
| title_fullStr | Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law |
| title_full_unstemmed | Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law |
| title_short | Reasons for Growth and Solutions to Combat Money Laundering Through Bitcoin in Iranian Law |
| title_sort | reasons for growth and solutions to combat money laundering through bitcoin in iranian law |
| topic | money laundering cryptocurrency bitcoin digital currency fatf |
| url | https://jlr.sdil.ac.ir/article_178574_bf50cf5322d623fc33a3505f03b1fdc4.pdf |
| work_keys_str_mv | AT fatemehgilak reasonsforgrowthandsolutionstocombatmoneylaunderingthroughbitcoininiranianlaw AT davoodkhaksar reasonsforgrowthandsolutionstocombatmoneylaunderingthroughbitcoininiranianlaw AT mahsashiravi reasonsforgrowthandsolutionstocombatmoneylaunderingthroughbitcoininiranianlaw |