Anti Money Laundering - AML
Though anti-money-laundering laws cover only a relatively limited number of transactions and criminal behaviors, their implications are extremely far reaching. An example of AML regulations are those that require institutions issuing credit or allowing customers open accounts to complete a number of due-diligence procedures to ensure that these institutions are not aiding in money-laundering activities. The onus to perform these procedures is on the institutions, not the criminals or the government.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Certified Anti-Money Laundering Specialist - CAMS — A professional designation awarded by the Association of Certified Anti Money Laundering Specialists (ACAMS) to anti money laundering professionals who have 40 qualifying credits based on education, other professional certification and work… … Investment dictionary
money laundering — The transferring of *money derived from illegal activities into legal or legitimate channels. Money laundering is intended to conceal the illegal origins of funds, and it is commonly associated with drug trafficking and *smuggling. In the United… … Auditor's dictionary
Financial Action Task Force on Money Laundering — The Financial Action Task Force on Money Laundering (FATF), also known by its French name Groupe d action financière sur le blanchiment de capitaux (GAFI), is an inter governmental body founded in 1989 by the G7. The purpose of the FATF is to… … Wikipedia
USA Act and the Financial Anti-Terrorism Act — The USA Act and the Financial Anti Terrorism Act are the legislative precursors to the USA PATRIOT Act.USA ActThe USA Act (Uniting and Strengthening America Act of 2001) is an expansion of the Foreign Intelligence Surveillance Act (FISA) of… … Wikipedia
First Solution Money Transfer — Infobox company name = First Solution Money Transfer type = Private foundation = 2004 location city = London location country = UK locations = 41 branches, 100+ agents key people = Dr Fazal Mahmoud (Chairman) Gulam Rabbani Rumi (Director) Shah… … Wikipedia
CIA transnational anti-crime and anti-drug activities — This article deals with activities of the U.S. Central Intelligence Agency related to transnational crime, including the illicit drug trade.Two offices of the CIA Directorate of Intelligence have analytical responsibilities in this area. The… … Wikipedia
CIA transnational anti-terrorism activities — This article deals with activities of the U.S. Central Intelligence Agency (CIA) related to terrorism. Especially after the CIA lost its coordinating role over the entire Intelligence Community (IC), it is impossible to understand US… … Wikipedia
Counterfeit money — See also: Coin counterfeiting and Slug (coin) Counterfeit money is currency that is produced without the legal sanction of the state or government to resemble some official form of currency closely enough that it may be confused for genuine… … Wikipedia
Policy Laundering — The term Policy Laundering is used to describe means to disguise the origin of some political decisions, laws or international treaties. [Hosein Ian, [http://cat.inist.fr/?aModele=afficheN cpsidt=15835173|The sources of laws: Policy dynamics in a … Wikipedia
Child laundering — is the stealing and selling of children to adopting parents under false pretenses. Often the adoption agency or adoption facilitator hides or falsifies the child s origin to make the child appear to be a legitimate orphan by manipulating birth… … Wikipedia
Border Protection, Anti-terrorism, and Illegal Immigration Control Act of 2005 — The Border Protection, Anti terrorism, and Illegal Immigration Control Act of 2005 (USBill|109|H.R.|4437) was a bill in the 109th United States Congress. It was passed by the United States House of Representatives on December 16, 2005 by a vote… … Wikipedia