Types of Money Laundering: Federal Crimes and Terrorism

Money Laundering, is the practice to 'Clean the Money' engaging in certain financial transactions to hide the identity, source, and destination of illegally procured money. Money Laundering makes illegal funds appear legitimate so criminals can commit their crimes.

Preventing Money Laundering and Terrorism Financing

This Document covers a practical guide for Bank Supervisors:

  1. The Importance of Collaboration and Cooperation

  2. Money Laundering and Terrorist Financing

  3. The Bank Perspective

  4. Sanctions and Corrective Measures to be Taken

  5. National and International Cooperation