Risks & Methods of Money Laundering and Terrorist Financing

Definition: the process of making dirty money (derived from criminal activity) look clean by disguising the link to the source of the funds. This can be by moving the money or changing its form. Laundering is not just about cash, almost any medium can be used.

Money laundering requires knowledge that the money is the proceeds of crime, however, knowledge could also be inferred from wilful blindness (deliberate avoidance of the facts).



Next Topic: Classic Money Laundering Process

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