====== Financial Crimes ======
[[cbdc:public:cbdc_omg:8_append:20_glossary:start| Return to Glossary ]]

**Financial Crimes** are money laundering and the financing of terrorism. Financial institutions must comply with a robust set of rules that are designed to combat **Financial Crimes**. These rules
include customer due diligence, record keeping, and reporting requirements.

Source: [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf ]]

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