Page 22 - Aequitas
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AEQUITAS VOLUME: 1, ISSUE: 1
It entails hiding the sources
The report also critically assesses of illegal money obtained
current money laundering via criminal activity and
regulations, noting both their transferring it into the
advantages and disadvantages. It established financial
examines how well national and system. criminals try to
international laws are effective in hide money's illegal sources
preventing and identifying money to avoid being discovered,
laundering, including those enacted protect their fortune, and
by the Financial Action Task Force finance further illegal
(FATF) and similar accords.
activities like terrorism and
drug trafficking.
Keywords: money laundering,
regulatory measures, layering, The development of money
placement, integration. laundering methods has been
characterized by innovation and
adaptability in response to changes in
INTRODUCTION
the regulatory environment,
technological breakthroughs, and
The integrity of financial
institutions throughout the criminal conduct. More complex
world is fundamentally schemes utilizing global financial
threatened by money networks and digital currencies have
laundering, which also poses supplemented traditional tactics like
serious threats to economies, cash smuggling and structuring,
security, and the rule of law. which entail dividing large quantities
of illegal monies into smaller
transactions to bypass reporting
requirements. Smurfing is one of the
many methods of money laundering
that criminals use to avoid detection.
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