Money Laundering Crimes’ Impact, on the Economic Policies, Revisited -Deema Al-Sharif @
Monday, 25 September 2023
No Result
View All Result
MAAAL NEWS
  • Home
  • العربية
No Result
View All Result
  • Home
  • العربية
No Result
View All Result
MAAAL NEWS
No Result
View All Result

Dima bint Talal Al-Sharif

Money Laundering Crimes’ Impact, on the Economic Policies, Revisited

21 Nov 2021

Deema Al-Sharif

FacebookTwitterWhatsAppTelegram

اقرأ المزيد

Questioning Saudi Arabia’s readiness to confront climate change

Mahd Academy: Revolutionizing the Future of Sports in Saudi Arabia and Beyond

Free Healthcare Services For Pilgrims

Any economic policy, requires a specific plan, in order to be implemented, in a certain time.

The meaning of an economic policy can be summarized as ensuring knowledge of the actual reality of a specific economic situation, in order to move forward towards a better one, that contributes to the revival of a given state and/or a society.

Undoubtedly, money laundering operations negatively affect mechanisms used in formulating the country’s economic policies, due to the inaccuracy of the data and information, needed to prepare and set up these policies, subsequently, the results would produce, an array of incorrect outcomes that will not lead to achieving the objectives of these desired policies, such as overestimating inflation rates.

 As well as tax and unemployment rates, as the crime, in general, and money laundering operations, in particular, take place on a large scale and are very difficult to measure, because of their secret nature, which leads to distortion of the economic data, necessary for the formation of these policies, as mentioned above.

On the ground, many countries, especially those with free-flowing exchange rate economies, faced numerous obstacles, due to the influx of large amounts of laundered money, resulting in the appreciation of the exchange rate or the expansion of the monetary base.

In response, economic policy makers have used to wrongly respond to such data, by adjusting fiscal or monetary policies, and eventually, eroding the effectiveness of both..

Work is currently underway, at the international level to develop the best mechanisms, to counter the harmful impact of money laundering crimes, on financial systems and the real economy.

Perhaps the modern financial techniques used, in economic transactions, will make the innovators of these technologies a greater assets, as well as policy makers.

But what is the most appropriate way, at the present to deal with the impact of money laundering, on the policy making?

Sparing or allocating space for incorrect data is, either, a reasonable and somewhat safe approach, when it comes to designing economic policy research responses.

These policy measures that would take into account important topics, shall include the role of prudential supervision of the financial system, in addition to regional as well as international cooperation among states and institutions.

لتحميل الملفات المرفق

ديمه-بنت-طلال-الشريف-1.png

  • تحميل
Previous

Non-profit Entrepreneurship: The Future of Prince Mohammad bin Salman City

Next

Coordinated Release of Oil from Strategic Stockpiles’ Reserve, too Costly to Compensate

Related

Visitors of Allah, Welcome to Our Country

After the Rivalry: Hopes and Forecasts for the PGA Tour and LIV Golf

Why Saudi Arabia is the land of opportunities… Expo 2030

Furthering Development: Economic Partnerships Between Saudi Arabia and China

Views on Riyadh and Dammam Airports Cargo Village

Saudi Arabia: Establishment of four new Special Economic Zones to provide an investment opportunity

Articles

الكاتب

A Journey of Unity and Progress: Saudi Arabia’s Ambitious Dreams Turn into Remarkable Achievements

Prof. Alaa Alghamdi

الكاتب

Investment Perspective of Artificial Intelligence (AI) in Saudi Arabia

Nasser Alshareef

الكاتب

Bridging BRICS and Saudi Arabia: A Prestigious Invitation

Prof. Alaa Alghamdi

الكاتب

Questioning Saudi Arabia’s readiness to confront climate change

Kamal Al Dihan

More

اقرأ المزيد

Importance of the balance of payment in Saudi Arabia

Saudi Arabia’s Sporting Ambitions

Saudi Incubators

© 2020 All rights reserved to Maaal Newspaper
Publisher: Maaal International Media Company
License: 465734

Quick links

  • News
  • Articles
  • Maaal

Contact Us

055 144  3666  
[email protected]  

No Result
View All Result
  • العربية
  • Home

© 2020 All rights reserved to Maaal Newspaper - Publisher: Maaal International Media Company - License: 465734