1. Economic risks
Depletion of national economies: The transfer of funds off-shore for laundering purposes in foreign countries leads to the deprivation of the country from funds and balances that enrich its national economy, which prevents the investment of these funds in economic and development projects that provide an income to the relevant State and individuals.
2. Social risks
The temptations provoked by money launderers lead to buy off policemen, judicial officials, and politicians in banks and financial institutions. Some fall in the traps of money launderers by ignoring money laundering operations. Such operations lead to the weakening of national foundations and the increase of organized crime, in addition to corruption and bribe.
3. Security risks and damages
ML security risks and damages consist of the following: Destabilization of security and stability: Money laundering temptations will lead some vulnerable and paid categories of persons to conduct ML operations regardless of their legitimacy and damages. The correlation between ML and other crimes, such as drugs, terrorism, illegitimate arm trafficking, violence and extremism, contributes to the destabilization of the country and negatively affect its security and stability. Such situation results in intensifying the security agencies’ efforts and increasing their expenditure on detecting crimes and new patterns and deploying more efforts to implement security and stability. In addition, it would be required to increase expenses and budgets allocated to law enforcement authorities and security agencies, to fulfill their needs for additional human resources, update the necessary equipment and techniques to confront all forms of the crime and the courts of justice requirements.