The Role of Banks in Fighting the Phenomenon of Money Laundering For Protecting the National Economy: Applied Study on the Banks At Gaza- Province - Palestine

Al-Rifaty, Dr.AlaaAldin

doi:10.33899/tanra.2008.161745

	The Role of Banks in Fighting the Phenomenon of Money Laundering For Protecting the National Economy: Applied Study on the Banks At Gaza- Province - Palestine
TANMIYAT AL-RAFIDAIN
Article 8, Volume 30, Issue 91, 2008, Pages 137-163 PDF (849.55 K)
Document Type: Research Paper
DOI: 10.33899/tanra.2008.161745
Author
Dr.AlaaAldin Al-Rifaty
Abstract
ABSTRACT The current study aims at identifying the role of banks in fighting the phenomenon of money laundering to protect the national economy. The study depended upon the theoretical and previous studies to achieve the objectives of the study. A questionnaire has been designed, addressed to the working banks in Gaza Province - Palestine. The questionnaires were (42), the respondents were (36) acceptable for analysis which represented (85.71%). The results of the study showed the effects arising from money laundering are to upset the national and international economy. It also leads to the destruction of the successful economic projects. The vibration of the financial markets especially the growing up projects may lead to the failure of the financial system. The researcher introduced many recommendations. The most important among them is: It is necessary to regional and international cooperation to fight money laundering and other economic crimes. This is because there are international bands having locations in different countries, such as currency fraud bands. The necessity of opening workshops during the service of bank’s employees in ethics of public employment and public investigation the may enable them to support the fighting of money laundering. .
Keywords
banks; Money Laundering

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