INTRODUCTION OF ILLEGALLY OBTAINED ASSETS IN FINANCIAL AND NON-FINANCIAL ECONOMIC CIRCUITS
"RECYCLED" GOODS AND INCOMES PLACED ON LEGITIMATE ECONOMIC CIRCUITS
MONEY LAUNDERING AND TERRORIST FINANCING GOES THROUGH THE TRANSFORMATION OF REVENUES RESULTING FROM ILLICIT ACTIVITIES, INTO REUSABLE CAPITALS UNDER THE LAW, OMITTING THEIR ORIGIN AND PROPERTY
The process of money laundering has three distinct consecutive phases:
The goods and income are placed in the financial and non-financial circuits;
Circulation:The goods and income are subject to multiple and repeated operations, with the purpose of dissociating them from their criminal origin, deleting (laundering) the traces of their provenance and property;
Integration:Goods and income, after being"recycled", are reintroduced into legitimate economic circuits (e.g. through the purchase of goods and services).
Legislation, defines a set of preventive and repressive obligations for financial and non-financial companies, and certain type of professionals with the objective of controlling transactions in order to avoid money laundering or terrorism financing.
Solution for money laundering
and terrorism funding prevention | Anti-money laundering