In the immediate aftermath of September 11, 2001, many experienced intelligence officers did not understand the concept of hawala, and few knew what it actually represented in the context of money laundering
and terrorism financing.
A man, 35, of Mosspits Lane, Wallasey, on suspicion of drug trafficking and money laundering
Companies must assess each of their products and distribution channels for vulnerabilities for money laundering
and terrorist financing, and then design and adopt controls and processes to address the identified risks.
If you are registered you must make sure your staff are trained in money laundering
recognition and avoidance.
"For one thing, money laundering
is still a fairly new subject.
Among other measures, the legislation expanded the definition of money laundering
, strengthened enforcement, and established a financial intelligence unit within the NCBI.
The DPP has also established a unit responsible for the forfeiture of assets linked to money laundering
and terrorism financing;
At the courses, presentations were given detailing general signs of illegal behaviour and money laundering
Basharat Mahmood Shahzad said that 'money laundering
is a process through which criminal conceal the origin of money earned through illegal means and make it appear as legitimate by performing a number of complex transactions'.
The Finance Minister was talking to reporters at the Finance Division after chairing a national coordination committee meeting on money laundering
. Answering a question, Kamal said money laundering
usually takes place from two sectors - banking and revenue - and apart from these two sides, there is no such scope for any wholesale money laundering
"The latter might endanger the morals of an individual, the former invariably endangers the morals of the entire country." Kenyan security agencies recently commenced investigations into a suspected complex and intricate money laundering
web after busting a cache of "fake" $20 million banknotes in a secure vault in a leading bank in Nairobi.
While giving briefing to journalists after the cabinet meeting on Tuesday, Federal Information Minister Fawad Hussain Chaudhry disclosed that Counter Terrorism Department (CTD) has been authorized to investigate money laundering