AML Basics

If you are new to the AML area, you should start here…

Due diligence is a vital tool in the prevention and discovery of corruption. the uk Bribery act makes it urgent for companies to use that tool as efficiently and effectively as possible. yet in a recent survey*, while almost three quarters of respondents said they have anti-corruption programs in...
What is trade-based money laundering? The Financial Action Task Force (FATF) defines trade-based money laundering (TBML) as the “process of disguising the proceeds of crime and moving value through the use of trade transactions in an attempt to legitimize their illicit origins.” According to the U.S. State Department, this practice...
  Any asset that can be bought and sold within a short frame is very lucrative to money launderers. Hence, it is common to see Precious Metals, art, cars and even real estate being used for money laundering. Online electronic online casino payments methods like E-Bay and PayPal too are...
Simply receiving a payment into your bank account, withdrawing the cash then sending it abroad by other means, might seem like an easy way to make as much as 20% commission. But you are likely to be helping criminals launder money. Find out how to avoid getting involved in...
A very informative presentation by Maarten van Dijck. Presentation link:  here Source page: here