The Crime of Money Laundering and Methods of Combating It through Comparative Law, Islamic Jurisprudence, and the Palestinian Banking Sector

Abstract

This study aimed to identify the concept of the phenomenon of money laundering and stages and genres, as well as, identify the risks of the spread of this dangerous phenomenon in the society. It also intended to recognize the opinion of Islamic jurisprudence regarding the phenomenon of money laundering. In addition, it tried to explain the role of the Palestinian banking sector in preventing money laundering. Finally, the study concluded that comparative law considered money laundering a serious crime as well as a global phenomenon that enables terrorist and criminal organizations to penetrate and disrupt economic structure. Money laundering operations currently take place in almost all countries of the world, especially in countries involved in the processes of economic reform. Under the Palestinian banking system law, money laundering is a serious punishable crime that which hinders attracting capital in ways negatively affect the economy . The most important recommendation is the need to deepen international cooperation in the face of crime, money laundering.