What is Money Laundering?
Anti-Money Laundering and Counter-Financing of Terrorism Tasks
Animated Video on Anti-Money Laundering and Terrorist Financing Dissemination
Money laundering is a conversion, use, movement, exchange, acquisition, possession, and genuine ownership transferof funds or other properties by anatural person, legal person or an organisation that knows, knew or suspects that such funds or properties are derived from the predicate offences to conceal or disguise their characteristics, origin, and location in order to make such funds or properties legitimate.
The financing of terrorism is anintentional act both directly and indirectly bya natural person, legal person or an organisation that attemptsto give, consolidate and mobilize funds or properties, legally or illegally, wholly or partially, to finance terrorism or terrorist or activities linked to a specific terrorism act regardless such funds or properties are used to finance the actual action.