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social science subjects > criminology and criminal justice > transnational crime and justice > strategies of law enforcement and justice > money laundering: countermeasures

Preferred term

money laundering: countermeasures  

Definition

  • As noted by the Law Enforcement, Organized Crime and Anti-Money-Laundering Unit (the Unit) of the UN Office on Drugs and Crime (UNODC), money is the prime reason for engaging in almost any type of criminal activity. The Unit defines money laundering as the method whereby criminals disguise the illegal origins of their wealth and protect their asset bases, so as to avoid the suspicion of law-enforcement agencies and prevent leaving a trail of incriminating evidence.The Financial Action Task Force (FATF) is the main international antilaundering body. [Source: Encyclopedia of Transnational Crime & Justice; Money Laundering: Countermeasures]

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https://concepts.sagepub.com/social-science/concept/money_laundering:_countermeasures

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