The role of Libyan banks in anti money laundering

There is a pertinent relationship between money immdering transactions and the t~xistence of shadow econonıy. Each one of them depcnds on the other because money Immdering transactions are considered to be a bridge on which the dirty money crosses. that generate.s from the shaclo'vv econorny to reach the eletır one. ·rııe study includes studying the rrıoney Immdering pherıomenon, its resources, impacts and the methods used to face it. It was lighted by the bank, international and law procedures , it has measured and analyzed the size of the shadow economy and money laundering through the period of (1989-2008) in a number of developed countries such as (Australia, Austria, Bulgaria, Canada, Denmark, Finland, France, Italy, Greece and Japan ). It slıows ihe differeııce between these countries through their legisiation and c.ontrols on this phenomenon. In (Itaiy, France (ınd Canada) size of procedures of the money laundering increased. That means shows that the disadvantage of their legislation and the seriousness of the ir application and inability to control them. As for the countries, money !aundering procedures were less in size and that explains the seriousness in applying the laws and the procedures which have been adopted. The research reaches many conclusions which confirm the necessity of !egislation of a nationallaw to fight mo ney laundering to provide for all types of them and include the punishment of the cornpleie con:fiscation of the dirty money and i ts instrument. In addition to the necessity of activating of the international cooperf:ltion concerning anti-money launderlng and the extreme use from the past experiences of some of the developed countries which have achieved bri1Jiant success in the tacı; of such procedures. Key,,·ords: Libyan Banks, Anti~Mo uey Laundering, Shadow Economy