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.