dido:public:ra:xapend:xapend.a_glossary:i:internat_laund
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dido:public:ra:xapend:xapend.a_glossary:i:internat_laund [2022/03/31 18:48] nick created |
dido:public:ra:xapend:xapend.a_glossary:i:internat_laund [2022/03/31 18:49] (current) nick |
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| [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | ||
| - | **International Money Laundering** is when an individual or entity is prohibited from: | + | **International Money Laundering** is when an individual or entity is prohibited from Transporting or attempting to transport funds in or out of the US |
| - | + | - With the intent to promote “specified unlawful activity” | |
| - | * Transporting or attempting to transport funds in or out of the US | + | - With knowledge that the property involved represents the proceeds of unlawful activity and knowledge that the transport is designed in whole or in part to: |
| - | - With the intent to promote “specified unlawful activity” | + | - Conceal or disguise the location, source, ownership, or control of the proceeds of specified unlawful activity |
| - | - With knowledge that the property involved represents the proceeds of unlawful activity and knowledge that the transport is designed in whole or in part to: | + | - Avoid a reporting requirement under federal or state law |
| - | - Conceal or disguise the location, source, ownership, or control of the proceeds of specified unlawful activity | + | |
| - | - Avoid a reporting requirement under federal or state law | + | |
| Source: [[https://complianceconcourse.willkie.com/resources/anti-money-laundering-us-money-laundering-control-act ]] | Source: [[https://complianceconcourse.willkie.com/resources/anti-money-laundering-us-money-laundering-control-act ]] | ||
dido/public/ra/xapend/xapend.a_glossary/i/internat_laund.1648766913.txt.gz · Last modified: 2022/03/31 18:48 by nick
