Protection of Domestic and International Arbitration and Alternative Dispute Resolution from Money Laundering
Year: 2024
Type: article
Abstract: This research aims to mitigate and prevent the transmission of the effects of money laundering to the special judiciary facility, which is the arbitration and the rest of the alternative dispute resolution methods. For individuals, to not lose their confidence in this facility and breach its credibility and integrity. Which it may lead to the reluctance of companies and persons from this facility, and its exploitation by criminals and criminal organizations. The importance of the arbitration facility is that it's a special judiciary whose integrity must be protected and ensured against money laundering crimes. Despite of all, FATF Recommendations (which are considered by most specialists in combating money laundering and terrorism tend to be their constitution to combat these crimes) are not addressed this issue. Most of the international and domestic legislations, to put in place preventive measures and due diligence programs towards the client, and to establish integrity requirements in selecting arbitrators, mediators, and conciliators. Thus, all this effort to ensure the protection of this facility from criminal activities and its passive exploitation to achieve criminal objectives.
Source: مجلة الحقوق.
Authors: Rashid Alhajeri, Ahmad Alkhudhair
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4404223746