Chapter DMBM540210

Published date29 April 2016
Record NumberDMBM540210

Many crimes are committed for financial gain. This is particularly true of crimes such as drugs trafficking, fraud and tax evasion.

Criminals seek to protect their ill-gotten gains by “money laundering”, that is hiding, in a series of legitimate financial transactions, the source of the funds.

The Money Laundering Regulations 2007[S.I. 2007/2157] give effect to Articles 12 and 15 of the “Council Directive No. 91/308/EEC of 10th June 1991 on prevention of the use of the financial system for the purpose of money laundering”.

These regulations

  • replace the provisions of the Money Laundering...

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