Organizations Dealing with Money Laundering and Terrorist Financing

Criminals are interested in funding their activities and make profit out of their illegal activities. I Illegal activities might include fraud, drug and arm trafficking, money laundering, and terrorist financing. To prevent illegal activities, money-laundering and terrorist financing, different organizations, and conventions accept and implement international laws and regulations.

Financial Action Task Force (FATF)1

The most recognized organization FATF was established to prevent money-laundering activities.

The FATF was established by the G-7 (Group of 7 countries) Summit that was held in Paris 1989 (Borekci and Erol, 2011).

The FA Task Force is a policy making organization ...

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