Definitions

Red flags are warning signs of a potential money laundering/terrorist financing activity. Read more about red flags classified by industry here. ... Read More →

Sanctions and embargoes are political trade restrictions to change the behaviour of a country or regime, so as to support the peaceful transition, deter non-constitutional changes, constrain terrorism to protect human rights and promote nonproliferation. The primary ... Read More →

Reverse money laundering is the process where the money that starts out legitimate and grows “dirty” in its ultimate purpose. Terrorist financing is also often referred to as reverse money laundering as it focuses on utilising legal assets to carry out terrorist ... Read More →

Tax Evasion Tax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the real state of their affairs to the tax authorities to reduce tax liability and includes dishonest tax ... Read More →

A predicate offence is a crime that is a component of a more complex criminal activity, often associated with money laundering or organised crime. It serves as the underlying criminal act that generates proceeds or funds for the subsequent illegal activity. The term ... Read More →