THE ROLE OF FINANCIAL FORENSICS IN THE PREVENTION AND DETECTION OF MONEY LAUNDERING
Keywords:
Financial forensics, money laundering, detection of financial crime, internal control, transaction analysisAbstract
Financial forensics comprises multidisciplinary methods used to identify, analyze, and document financial irregularities and criminal activities. In modern conditions, money laundering involves complex and adaptive schemes that often exceed traditional control mechanisms, increasing the importance of financial forensics in AML systems. It enables the identification of suspicious transaction patterns, risk assessment, and a deeper understanding of financial flows, thereby enhancing AML effectiveness.This paper examines the theoretical framework, key methodologies, and tools of financial forensics, as well as its role in investigation, reporting, and institutional cooperation. Particular emphasis is placed on integrating forensic methods into prevention, transaction monitoring, and decision-making, along with ensuring the evidentiary robustness of findings. Financial forensics is thus a key component of modern anti-money laundering efforts, whose effectiveness depends on its integration into broader risk management and institutional frameworks.Downloads
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Copyright (c) 2026 Gruja Kostadinović, Marija Ilievska Kostadinović (Author)
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