Money Laundering in the Digital Age: A Comparative Analysis of Electronic Means in Egypt, Jordan, the UAE and Iraq

Ahmed Mustafa Ali1, Radwan Idris Mohammed2

Abstract
Since money laundering has developed rapidly and has different methods
depending on time and place, it is no doubt one of the most important and dangerous
legal problems facing legislators. Consequently, finding in many developing
countries have problems related to the organization of laws that can overcome its
ability to weaken the local economy. When the researcher reviewed the legislation
under the current study (Egyptian, Jordanian, Emirati, and Iraqi), he found that there
are instances of deficiency and weak ability to confront traditional money
laundering crime, let alone a new form of money laundering crime represented in
the digital world. Therefore, the researcher’s interest was focused on studying the
four most important countries in which there are money laundering crimes and
trying to shed light on the legal problems to confront it. The current study deals with
the legislative treatment of money laundering crime through electronic means by
examining four Arab legislations. The results of the study showed the shortcomings
of the legislation under study in their treatment of money laundering by defining it,
discussing its characteristics, and ways to combat and get rid of it.

Keywords: Treatment, Legislation, Crime, Money laundering, electronic means