The Crime of Establishing a Shell Bank – A Comparative Study

Authors

  • Hawraa Ahmed Shakir1 , Israa Mohammed Ali Salim2 , Ammar Ghali Abdulkadhim El-Eisaw 2

DOI:

https://doi.org/10.37506/mlu.v20i3.1587

Keywords:

Comparative Study, Bank, Crime

Abstract

The establishment of a shell bank is a way to legitimize the funds that are the subject of several serious

crimes such as terrorist crimes, human trafficking crimes, drug and arms trafficking crimes and other crimes

committed by groups and organizations that engage in very dangerous criminal activities that generate many

financial revenues, and thus the establishment of a shell bank provides protection for that money from legal

and judicial oversight. The crime of establishing a shell bank is a positive crime, as it occurs only with

positive behavior issued by the perpetrator. In addition, this crime is an intentional crime. The mens rea of

which is only achieved through the availability of criminal intent with both its elements of knowledge and

will.Likewise, the crime of establishing a shell bank is like any crime for which establishment two elements

are required, namely the corpus delicti and the mens rea, and it also requires the availability of a special

pillar represented by the crime scene, which is the shell bank.

Author Biography

Hawraa Ahmed Shakir1 , Israa Mohammed Ali Salim2 , Ammar Ghali Abdulkadhim El-Eisaw 2

1 Ph.D. Dr., Faculty Member, Faculty of Dentistry, University of Babylon, 2 Ph.D. Dr., Faculty Member, Faculty of

Law, University of Babylon

Published

2020-07-24

How to Cite

Hawraa Ahmed Shakir1 , Israa Mohammed Ali Salim2 , Ammar Ghali Abdulkadhim El-Eisaw 2. (2020). The Crime of Establishing a Shell Bank – A Comparative Study. Medico Legal Update, 20(3), 1335-1339. https://doi.org/10.37506/mlu.v20i3.1587

Most read articles by the same author(s)