IMPROVING THE LEGAL REGULATION TO COMBAT MONEY LAUNDERING

Аннотация

The article examines the constructive features of the legalization of funds and property obtained by criminal means in Mongolian criminal legislation. The relevance of the chosen topic is due to the high latency of this crime and the presence of contradictory law enforcement practices that do not ensure effective counteraction to criminal behavior. Legalization of funds and property obtained by criminal means destroys the normal order of economic activity and causes significant damage to the national economy. As a result, optimization of law enforcement activities is an important area of the state's criminal law policy. In recent years, the nature and characteristics of money laundering have changed, negatively affecting all sectors of society, including the international economy, banking, finance, and business, and the expansion of this type of crime.

This article discusses the need to improve Mongolia's legal traditions and legal regulations in combating money laundering, bringing national laws in allignment with international treaties and conventions, increasing the resolution of this type of crime, improving international cooperation, and properly defining the underlying crime.