This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students (ISM).
“ Money laundering is any action taken to conceal, arrange, use or possess the proceeds of any criminal conduct ” Serious Organised Crime Agency, UK
“ Money laundering is the name given to the process by which illegally obtained funds are given the appearance of having been legitimately obtained ” Australian Transaction Reports and Analysis Centre
“ Money laundering is the method by which criminals disguise the illegal origins of their wealth and protect their asset bases, so as to avoid suspicion of law enforcement and to prevent leaving a trail of incriminating evidence ” United Nations Office on Drugs and Crime
“ I am like any other man. All I do is supply a demand” Al Capone
Human trafficking Arms smuggling Tax evasion Drug trafficking Corrupt practices Theft Fraud Robbery Prostitution
“ Funds laundered in the world could range between two and five per cent of the world’s gross domestic product . Using 1996 statistics, these percentages would Approximate between US $ 590 billion and U.S. $ 1.5 trillion ” International Monetary Fund