PPT-Money Laundering :A practical approach to Detection & Prevention

Esther Aikiriza Kagira Manager Strategic Analysis AND STATISTICS Financial Intelligence Authority UGANDA Structure of Presentation Role of Financial intelligence Authority Money Laundering ML and Terrorism Financing TFPF. Money Laundering andTerroristFinancing: Definitions andExplanationsA.What Is Money Laundering?B.What is Terrorist Financing?C.The Link Between Money Laundering andD.The Magnitude of the ProblemE.The P 23 September 2014. Contents. 1 What is money laundering?. 2. The ‘primary’ money laundering offences. 3. Failure to report and tipping off. 4. The Money Laundering Regulations 2007. 1. What is money laundering?. Presented By. Raunak. Jain. INTRODUCTION :. “. Earth provides enough to satisfy every man's need, but not every man's greed”. Man’s . greed for more money is the root cause for money laundering. . What is money laundering?. It is a process of making dirty money clean.. Money is moved around the financial system again and again in such a manner that its origin gets hidden.. Money generated from illegitimate source is converted into that derived from a legitimate source .. Laundering / Combating the Financing of . Terrorism. Compliance Unit. Ministry of National Security . Objectives of the . AML/CFT. Compliance Unit. . of the Ministry of National Security.. Receiving. Latin America . Ben Tonner. Attorney. www.samsonandmcgrath.com. 1. OUTLINE. (Anti) Money Laundering. The Financial Action Task Force. AML, Trusts and Estates . AML and Latin America. Changes: the FATF 40 Recommendations. Quality of Intelligence and Investigation. Ian . D. avidson. The Problem. “. Systematic quantitative or qualitative data that would provide defensible bases for assessments and recommendations are not now available for most countries, nor likely to be available in the foreseeable . - Comply with anti-money laundering regulations- Detect and prevent fraud- Reduce operational costs CallMLCallMLwww.callcredit.co.uk/fraudwww.callcredit.co.uk/fraud CallMLVerify the identity of your n “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. 46 Volume 4 • Issue 1 regulated businesses Money laundering – concealing the origins of illegally ob - tained funds – is not new. But the focus on money laundering by governments, . Enforcement Directorate. Ahmedabad. , 21. st. Feb 2015. Money Laundering…... . Process by which illegal funds and assets are converted into legitimate funds and assets.. The Need for Money Laundering Act . The Benefits of Reading Books Anti-money laundering - what you need to know. Why does preventing money laundering matter? . Not a victimless crime. Organised crime has a massive impact on the prosperity of the UK. Reputational risk to the legal sector .