THE RISK OF PARTICIPATION OF THE BANK IN THE PROCESS OF MONEY LAUNDERING

Galina ULIAN, Vasile ȘARCO Universitatea de Stat din Moldova

Abstract

The issue of risk-generating events for the participation of the Bank in the process of money laundering is very up-to-date both globally and for every banking institution separately. Dynamic development of the technologies have a negative impact on society, also facilitating banking fraud. In this context, specialized institutions, advise the specialists from the banking system to implement a risk-based approach and focused on the identification, assessment, and qualification of threats, which appear in both the global and national level. Risk assessment enables the banking institution to determine the vulnerable sectors in the framework of its activity and provide accurate information about the fields, where the existing resources should be directed in order to achieve the aim of minimizing the risks of money laundering through the Bank. Keywords: commercial bank, illegal income, risk, money laundering.