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Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
Google Translate is a multilingual neural machine translation service developed by Google to translate text, documents and websites from one language into another. It offers a website interface , a mobile app for Android and iOS , as well as an API that helps developers build browser extensions and software applications . [ 3 ]
A money mule, sometimes called a "smurfer", [1] is a person who transfers money acquired illegally, such as by theft or fraud. Money mules transfer funds in person, through a courier service, or electronically, on behalf of others. Typically, the mule is paid for services with a small part of the money transferred.
Zakir Abdul Karim Naik (born 18 October 1965) is an Indian Islamic televangelist and public orator who focuses on comparative religion. [9] Naik is currently a wanted fugitive in India, where, in 2016, the authorities charged Naik for money laundering while he was abroad in Malaysia; Naik did not return to India and became a permanent resident of Malaysia.
Google Neural Machine Translation; Google Translate; R. Malinda Kathleen Reese This page was last edited on 11 August 2023, at 00:01 (UTC). ...
FATF was formed at the 1989 G7 Summit in Paris to combat the growing problem of money laundering. The task force was charged with studying money laundering trends, monitoring legislative, financial and law enforcement activities taken at the national and international level, reporting on compliance, and issuing recommendations and standards to combat money laundering.
The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.
FinCEN organization chart. As of November 2013, FinCEN employed approximately 340 people, mostly intelligence professionals with expertise in the financial industry, illicit finance, financial intelligence, the AML/CFT (anti-money laundering / combating the financing of terrorism) regulatory regime, computer technology, and enforcement". [9]