Directives on various aspects of banking practice issued by the EU Parliament and Council of Ministers.
A security for which ownership is determined solely by possession of the physical certificate, allowing for anonymous transfer and posing risks for illegal activities like money laundering and tax evasion.
The Financial Action Task Force (FATF) is an intergovernmental organization established to develop policies to combat money laundering and terrorist financing.
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Organization for Economic Cooperation and Development (OECD) to combat money laundering and terrorist financing on a global scale through policy development and surveillance.
Money laundering is the illicit process of concealing the origins of money obtained from criminal activities, typically by means involving foreign banks or complex transactions, making it appear as though it were acquired legally.
Money laundering is the illicit process of disguising the profits of criminal activities as legitimate income. Involving multiple stages, including placement, layering, and integration, it aims to hide the origin, existence, or use of illicitly gained funds.
Round tripping refers to various practices where a company engages in transactions that ultimately return to their point of origin, often with manipulative intent. This can include selling and rebuying assets or borrowing and lending money, typically for purposes like money laundering, tax evasion, or inflating financial figures.
The practice of breaking down a large financial transaction into multiple smaller ones to avoid regulatory reporting. Used often in money laundering.
