Anti-money laundering mechanisms in the Anti-Money Laundering Law and its executive regulations

Money laundering is one of the most important ways of financing terrorists. Attracting financial resources to commit terrorist acts is done in different ways, and money laundering is the most common and important way of attracting financial resources. As we have discussed in detail in previous articles, money laundering is always used in conjunction with the financing of terrorism, given that money laundering is always used through the financial and banking systems of countries and away from the control of corporate agents. Therefore, international measures to combat money laundering, which is the fight against financing, have gone more towards the control and supervision of banking systems and have set specific rules and regulations in this regard at the level of International Since the late 1980s, when there was a need for more joint efforts between countries to control and combat money laundering and terrorist financing, several treaties and conventions were gradually drafted and ratified. In this regard, the Financial Action Task Force and the Wolfsburg Banking Group have been established as the most important international mechanisms in the fight against money laundering and terrorist financing, which we will cover in the next article.