Role of international and national organizations in combating money laundering and financial crimes

Black money means illegal income. Black money negatively affects the macro and micro economy, financial system and international markets in a country. When the historical development of black money is examined, the first appeared concept in the international literature is money laundering. The concept of money laundering means that the income is obtained from crime, therefore it is dirty and must be laundered and cleaned in order to use it. Money launderers violate the laws that the state has put into practice for public order, disrupting the social order, harming the public authority and the citizens. Criminal gangs launder the money in question through various methods in order to prevent the proceeds of crime obtained as a result of the predicate crime from being confiscated. Today, money launderers have accelerated their activities with the point of globalization, developing technology and the acceleration of internet banking, The problems caused by black money have swayed all the countries of the world to take countermeasures. Countries have established international organizations with definite and binding rules and practices, such as FATF, and have drawn up various documents and conventions. In Turkey, MASAK plays an active role in the fight against money laundering. In this study, the issues of combating money and money laundering activities, which are growing day by day, threatening the national and international security of countries and causing economic instability, are discussed from national and international perspectives, and the developments and regulations on this issue and the activities of national and international organizations are examined. According to the results obtained in our study, it has been understood that international cooperation is important for states in the fight against money laundering and that countries should make bilateral agreements by accelerating the information flow for a more efficient fight, and it has been concluded that countries should review their domestic legal regulations according to today's conditions.