The crime of money laundering in cyberspace:(A comparative legislative study).

The problem of the study in dealing with the legislation with the issue of money laundering in light of the effectiveness of banking procedures in the cyber environment. The study concluded that: Money laundering is a global phenomenon, especially after the tremendous technological progress and the prevalence of electronic commerce, where money laundering is carried out very quickly, which makes it difficult to prosecute the perpetrators. There are multiple activities for the sources of this dirty money where it is considered in Iraq the crime of corruption major because it is linked to the deals of contracting and commercial agencies of major international companies of various nationalities and shell companies and smuggling of currency and counterfeit local currency and the black market and drugs and prostitution and the trade of weapons and human organs and artifacts and tax and customs evasion and overrun on real estate and state land by sham sale and counterfeiting and kidnapping and trafficking in goods and services and bribery Administrative, financial and political corruption, fraud, brokerage, espionage and others. The existence of free financial centers and free zones helped to spread the phenomenon of money laundering and that the process of laundering goes through several stages starting with deposit, coverage and then consolidation and after laundering cuts its link to the original source illicit There are many methods of money laundering and banks are the main instrument of money laundering as well as smuggling and trafficking in goods and services and the purchase of precious and precious materials and non-bank financial institutions.