Presentation on AML. 10-Mar-14. Agenda. Definition of AML Process of Money Laundering Extent of Problem Impact of Problem Key Features of AML System AML Framework Value Proposition. Gross national Income. Money Laundering.
Definition: The process whereby the origin of funds generated by illegal means is concealed
Definition: A violation of law committed by a person or group of persons in the course of an otherwise respected and legitimate occupation or business enterprise." Coleman (1989)
Fraud & Money Laundering
No Paper TrailMoney Laundering Process
KASTLE - AML
AML FRAME WORK