Anti-money Laundering

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. The overall scheme of this process returns the “clean” money to the launderer in an obscure and indirect way.

Anti-money laundering (AML) refers to the laws, regulations and procedures designed to prevent criminals and/or their associates from disguising illegally obtained funds as legitimate income.

Organisations can be caught up in money laundering unknowingly as offences can be committed not only where a person has knowledge of money laundering, but also where they merely suspect it.

Matrix can help you to address the facts around both the known-knowns and the unknown-unknowns.