New technologies, FATF recommendations and the last Spanish penal reform on money laundering

What is it about?

The paper describes the potential provided via internet and electronic transfers, prepaid cards and payment services with mobile phones for executing money laundering, and comments on the Spanish penal reform on this crime

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Why is it important?

This paper would be beneficial to the legislature. Future development of measures for the prevention of money laundering should take into account all potential threats that arise from the use of new technologies. Moreover, the long list of modifications on laundering undermines the legal certainty and the consideration of criminal law as "ultima ratio", within the framework of a globalized crime policy