Overview on AML & CFT

The offences, by committing which within or outside the country, the money or property derived from is laundered or attempt to be laundered is known as

• Money Laundering Offence

• Predicate Offence

• Criminal Offence

When the objective is to conceal the criminal origin proceeds or to disguise the source, ownership, location of the fund, it is known as

• Placement

• Integration

• Layering

One of the common money laundering red flags is

• Inconsistent Account Activity

• Licit Fund

• Wire Transfer

A corporation without any active business operations or assets is called

• Associate Company

• Shell Company

• Unlimited Company

Funds used for ______ may be sourced from legal origin.

• Terrorist Financing

• Shell Company

• Placement

1. When the objective is to absorb illegal funds into the financial system, appearing legitimate, it is known as

• Placement

• 1. Integration

• 1. Layering

1. ______ involves fake, non-existent investment schemes in which the investors are tricked into investing on the promise of unusually attractive returns.

• Panama Scheme

• 1. Ponzi Scheme

• 1. Paradise Scheme

1. When the objective is to introduce funds or the proceeds of crime into the financial system, it is called

• Placement

• 1. Integration

• 1. Layering

1. Under invoicing and over invoicing are two of the most common techniques used in

• 1. Credit Backed Money Laundering

• 1. Structuring

• 1. Trade Based Money Laundering

1. Money trail for terrorist financing is often

• 1. Circular

• 1. Linear

• 1. Quadratic