Confronting the crime of money laundering using electronic payment .
Abdessamad Houalef
Private Law - Law and political sciences - University of Tlemcen
Abstract
It was natural for the emergence of e-commerce, whose content was to complete business transactions through the Internet, to find a new payment medium suitable for this type of transaction. The appropriate solution to this problem was the emergence of more sophisticated electronic payment methods suited to the non-commercial space in the deal, what existed and developed to suit these transactions, including what was found specifically for this, and it is related to electronic money. As a new method, these means of payment, especially e-money, have not only positive advantages, but they have also produced some disadvantages by using them illegally for the purpose of committing certain crimes, including money laundering. The money laundering agent, like any other criminal looking for new ways that the competent authorities have not discovered yet to commit his crime, has not lost sight of the opportunity of the online e-mail without benefiting from it. He quickly exploited it to commit his crime, taking advantage of the modernity of these methods. Money laundering in electronic form raised the concern of many States because it has association with the existence of technology and the difficulty of pursuing money launderers in its electronic form, as well as benefiting from the absence of controls governing those traditional financial systems, as well as the legislative vacuum of criminalization. Therefore, most States are trying to make greater efforts to confront this type of criminal, through the development of their domestic laws and international substantive and procedural cooperation through the consolidation of dual and multilateral agreements to facilitate the tracking of these illegal funds and the punishment of criminals.
Keywords
e-commerce - punishment of criminals- electronic payment
