Mechanisms of control over money laundering (Resume)
I. Koghua
Scientific article of Irakli Koghua deals with quite a relevant subject – legalization of illegal incomes, which, in general opinion, is one of the most dangerous social phenomena of XXI century, since illegal incomes have turned into the financial basis of organized crime and terrorism.
In the opinion of the article’s author, legalization of illegal incomes disrupts the balance of market forces and gives advantage to the subjects that make use of criminal methods of competitive struggle, and conscientious persons are forced out of the market. In this context the author touched upon such an important problem as the system of control over money laundering that has shaped in the world.
In the author’s opinion, the mechanism of control over legalization of illegal incomes consists of two interrelated structural units – the financial control mechanism and criminal-legal control mechanism, and the results of the struggle against this social evil largely depends on its coherence. Peculiarities of different forms of financial control were analyzed and the system of the most important indicators being the evidence of the laundering process was formulated in the process of the scientific investigation. Special attention in the work is attached to Georgia’s system of financial control, it contains a number of essential proposals on improvement of the activities of financial monitoring bodies, expediency of their transformation into financial intelligence bodies perfection of the currently effective legislation, provision for an effective control over money flows and capital, which, in the final analysis, determines scientific-practical significance of the article.