What is the Anti-Money Laundering Act called?

What is the main aim of the Anti-Money Laundering Act?

Anti Money Laundering (AML) seeks to deter criminals by making it harder for them to hide ill-gotten money. Criminals use money laundering to conceal their crimes and the money derived from them.

What are the 3 phases of money laundering?

- Placement. - Layering. - Integration / Extraction.

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