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What are money laundering and terrorism financing?

April 26, 2017financing laundering money terrorism

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What are money laundering and terrorism financing?

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10 Posted

The goal of most criminal acts is to generate a profit. Money laundering is the process of disguising the illegal origin of criminal profits. This allows criminals to access and use the dirty money obtained through crime without being detected. Terrorist groups also move funds to disguise their source, purpose and destination. Terrorism financing includes the financing of terrorist acts, terrorists and terrorist organisations. Further information on terrorist financing offences can be found on the National Security website. Money laundering and terrorism financing are serious crimes.