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Money
Launde
Sehrish
Jabeen
03
Romana
Nargus
01
Rida Farooq
02
Present
Money Laundering
The process by which a person
conceals or disguises the
identity or the origin of illegally
obtained proceeds so that they
appear to have originated from
legitimate sources.
Money
Launder
ing
Statisti
cs
Middle East; 8%
Europe; 22%
Latin America/Caribbean; 10%
Multiregional; 11%
Contribution by different continents in ML(IMF
report data, year 2008)
Credit Cards; 5%
Money Services; 15%
Insurance Companies; 47%
Inverstment Firms; 25%
Banks; 8%
Process of
Money
Laundering
Process of Money
Laundering
Placem
Getting ent
Currency into the
financial system so as to
Layeri
The movement of funds
ng
from
institution
to
Integration
Why
Launder
Dirty
Money at
All?
Avoid
Prosecution
Hide
Wealth
Become
Legitimate
Evade Taxes
Increase
Profits
Consequen
ces Of
Money
Launderin
Common
Vehicles of
Money
Laundering
Common Vehicles Of
Laundering
Financial institutions
Cash intensive
businesses,
Brokerage firms,
Real estate agents
Crooked LAWYERS and
ACCOUNTANTS
Conti
Bank Secrecy
Conti
What Do To
Against Money
Laundering?
Prevention of Money
Laundering
Observing Rules for
Bankers
Compliance with
Laws
Money
Laundering
Prevention
Identifying
Irregular / Suspicious
Transactions
Customer
Due Diligence
International Efforts
Financial Acton Task Force-1989
The Vienna Conventinon-1988
Basle Committee Statement of
Principles-1988
European Union Directive-1991
IOSCO-1992
Other