Money Laundering, Suspicious Circumstances
Money Laundering, Suspicious Circumstances

Summary/Abstract: In this paper the author discusses the fact that for any cash transaction, which equals or is above EUR 15,000, the system requires an objective notification responsibility. The overwhelming majority of notification are coming from commercial banks, and other financial institutions; since the main subjects of money laundering are bank accounts; they are the ‘site’ of transfers, and it incorporates many layers of transactions. . Besides these automated trigger elements, the sector itself possesses a rather advanced internal supervision system, and set of internal rules; in order to overcome money laundry. Based on more than fifteen years of experience, the financial intelligence unit was successful in collection the observations and deficiencies3 which had been made public since.

• Details
• Contents