MLR3C1150 - Introduction: Definitions of money laundering and terrorist financing
Money laundering activity includes any of the following activities:
- Acquiring, using or possessing criminal property
- Handling the proceeds of crimes such as theft, fraud and tax evasion
- Being knowingly involved in any way with criminal or terrorist property
- Entering into arrangements to facilitate laundering criminal or terrorist property
- Investing the proceeds of crimes in other financial products
- Investing the proceeds of crimes through the acquisition of property/assets
- Transferring criminal property
Further guidance on money laundering activity can be found in the introductory parts of our sector specific core guidance.
- section 1.1 of Money Service Buisnesses guidance
- section 1.2 of High Value Dealers guidance
- section 1.1 of Estate Agency Buisnesses guidance
- section 1.1 of Trust or Company Service Providers guidance
Further details can also be found in section 2 of the CCAB Anti money laundering guidance.