Ligita Gaspareniene*, Rita Remeikiene and Greta Gagyte |
Corresponding Author: Ligita Gaspareniene, Mykolas Romeris University, Ateities str. 20, Vilnius, Lithuania |
Revised: 21 September 2020; |
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Money laundering is the
process of hiding or disguising the unlawful origin of property and hiding or
disguising the true nature, origin, source, location, disposal, ownership or
title of property. In other words, money laundering means “laundering” dirty money
until it becomes clean. Corrupt officials and other criminals use money
laundering techniques to hide the true nature of their income. Research shows
that cigarette smuggling is linked to money laundering. The purpose of the
article is to determine how money laundering is related to cigarette smuggling
and which public authorities have a key role in combating these phenomena in
Albania, Armenia, Georgia, Moldova, Ukraine and Serbia. Methods used in the
study: Literature analysis and Focus group methodology. An effective factor in
the fight against smuggling is to increase the population's intolerance to
illicit goods and services, therefore, it will seek to extend the empirical
study to the population's perspective on money laundering and cigarette smuggling.
Keywords: Money laundering, Cigarette smuggling.