Search Results for money-laundering

Abstract

The current study aims to investigate the relationship between shadow banking and money laundering. The importance of this study lies in its contribution to enriching the theoretical and scientific literature and clarifying the impact of and relationship between shadow banking and money laundering. The significance of the study stems from the importance of shadow banking, which can be defined as financial intermediaries or non-bank financial institutions involved in lending and credit activities but subject to limited or no regulatory oversight. A hypothetical framework was developed to illustrate the relationships between the research variables, leading to the formulation of a set of hypotheses concerning direct effects and correlations. The study addressed the theoretical framework and yielded several conclusions. The results revealed a statistically significant negative effect of structured investment instruments on money laundering in the banks under study. This suggests that limiting the use of these instruments may contribute effectively to reducing money laundering risks. The results also confirmed a statistically significant negative effect of credit hedge funds on money laundering in the banks under study. This indicates that reducing transactions with these funds may significantly decrease the likelihood of their exploitation in money laundering activities. Furthermore, the findings revealed a statistically significant negative effect of commercial paper channels on money laundering in the banks under study. This indicates that reducing banks' activities in these channels represents an important measure for limiting money laundering operations. The study also proposed a set of recommendations to address the issues identified and help mitigate the risks associated with money laundering in the context of shadow banking.

Abstract

This article examines the various effects of drug use and illicit drug trafficking on the economy. The study focuses on the losses that nations incur as a result of drug abuse, whether through decreased productivity, increased healthcare costs, or the rise in crime rates associated with drug use.

The research explores the impact of drugs on the workforce, highlighting how addiction affects work capacity and productivity, leading to higher unemployment rates. It also details the burdens drugs place on healthcare systems due to addiction treatment and drug-related diseases, driving up healthcare costs.

Furthermore, the study discusses the role of drugs in fueling organized crime and increasing government spending on security and justice, as well as the impact of the drug black market on the formal economy by reducing tax revenues.

The research concludes with recommendations on how to address these impacts through comprehensive policies aimed at prevention, treatment, and strengthening security efforts to combat drug trafficking.