International Journal of Legal and Comparative Jurisprudence Studies

Volume 3 - Issue 1 (2) | PP: 19 - 35 Language : العربية
DOI : https://doi.org/10.31559/LCJS2022.3.1.2
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The Criminal Responsibility of Banks for the Crime of Money Laundering in the Light of the Saudi System

Hassan Youssef Mustafa magableh ,
Ridaa AbdulRahman Muhammad AlSugayri
Received Date Revised Date Accepted Date Publication Date
16/1/2022 4/2/2022 20/2/2022 16/5/2022
Abstract
Money laundering crimes are closely related to banking and financial institutions, as they are one of the most important tributaries to which those involved in these crimes resort, as a result of the tremendous technical development in the field of information and communication technology, which resulted in the exploitation of open financial markets and the exploitation of technical development in banking and financial systems. So, many legislations have been keen to acknowledge the criminal responsibility of banks when they violate the obligations imposed on them in the interest of the public interest, which aims, in its entirety, to preserve the reputation of financial institutions, and to prevent all acts and behaviors that lead to money laundering and prejudice the national economy. This study included two main sections, the first of which was the nature of the criminal responsibility of banks for the crime of money laundering in two independent demands focused on the attribution and determination of the criminal responsibility of legal persons and the second topic dealt with the nature of the criminal responsibility of banks for the crime of money laundering in two demands. Each of which has dealt with the types of criminal responsibility. The bank and its conditions, the penalties prescribed for the bank for the money laundering crime, and one of the most important results reached is the recognition by the Saudi regulator of the criminal responsibility of banks for the money laundering crime, in line with the overall comparative punitive legislation.


How To Cite This Article
magableh , H. Y. M.& AlSugayri , R. A. M. (2022). The Criminal Responsibility of Banks for the Crime of Money Laundering in the Light of the Saudi System. International Journal of Legal and Comparative Jurisprudence Studies, 3 (1), 19-35, https://doi.org/10.31559/LCJS2022.3.1.2

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