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  2. Money laundering - Wikipedia

    en.wikipedia.org/wiki/Money_laundering

    Placing 'dirty' money in a service company, where it is layered with legitimate income and then integrated into the flow of money, is a common form of money laundering. Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground ...

  3. Anti–money laundering - Wikipedia

    en.wikipedia.org/wiki/Anti–money_laundering

    Money laundering is broadly defined in the UK. [81] In effect any handling or involvement with any proceeds of any crime (or monies or assets representing the proceeds of crime) can be a money laundering offence. An offender's possession of the proceeds of his own crime falls within the UK definition of money laundering. [82]

  4. Bank Secrecy Act - Wikipedia

    en.wikipedia.org/wiki/Bank_Secrecy_Act

    The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [1]

  5. Financial crime - Wikipedia

    en.wikipedia.org/wiki/Financial_crime

    Money laundering is, however, a fundamentally simple concept. It is the process by which proceeds from a criminal activity are disguised to conceal their true origin. Basically, money laundering involves the proceeds of criminally derived property rather than the property itself.

  6. Anti-Money Laundering Improvement Act - Wikipedia

    en.wikipedia.org/wiki/Anti-Money_Laundering...

    The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.

  7. Bank fraud - Wikipedia

    en.wikipedia.org/wiki/Bank_fraud

    The bank fraud statute federally criminalizes check-kiting, check forging, non-disclosure on loan applications, diversion of funds, unauthorized use of automated teller machines (ATMs), credit card fraud, and other similar offenses. Section 1344 does not cover certain forms of money laundering, bribery, and passing bad checks.

  8. US appeals court halts enforcement of anti-money laundering law

    www.aol.com/news/us-appeals-court-halts...

    (Reuters) -A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S ...

  9. Know your customer - Wikipedia

    en.wikipedia.org/wiki/Know_your_customer

    The Bank Secrecy Act, the common name for the Currency and Foreign Transaction Reporting Act of 1970 and its amendments and other statutes, established the customer due diligence (CDD) rule as part of an effort to improve financial transparency and deter money laundering.