Types of Money Laundering: Federal Crimes and Terrorism
There is a fine connection between Terrorism with Money Laundering. We will focus on the types of money laundering as well as techniques to prevent this Terrorist Financing. Money Laudering constitutes a Federal Offense.
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:
Money Laundering and Terrorist Financing*>
The Bank Perspective*>
Sanctions and Corrective Measures to be Taken*>
National and International Cooperation*>