AML and CFT Provisions in Securities Markets Certification Exam Notes

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  • Money Laundering Definition: Money laundering involves disguising the source, changing the form, or moving profits of criminal acts to make them appear legitimate.
  • Purpose of AML Laws: AML laws prevent criminals from hiding illegally obtained money, safeguarding the financial system's integrity.
  • CFT Objective: Combating the Financing of Terrorism (CFT) aims to disrupt funding for terrorist activities to ensure global financial stability.
  • Proliferation Financing (PF): PF refers to financing the spread of weapons of mass destruction, addressed alongside AML and CFT.
  • Money Laundering Process: Money laundering occurs in three stages: placement, layering, and integration.

AML and CFT Provisions in Securities Markets

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