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Fundamental Concepts
Background and definitions
Key processes in money laundering and terrorist financing
Money laundering
Crypto-Laundering and the Blockchain
Terrorist financing
Further differences between terrorist financing and classical money laundering
Suspicion recognition
BACKGROUND AND DEFINITIONS
Definitions
Money laundering is the conversion or transfer of money to disguise its illegal origins; or the use of the financial system to convert or transfer money or other assets so as to disguise their illegal origins. (AML is the acronym used for Anti-Money Laundering.)
Terrorist financing is the use of the financial system to facilitate the funding of terrorist acts, and to disguise both the origins and intended purpose of the funds ...
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