Terms and Conditions

Preventing Money Laundering

 

1. Definition of money laundering

Modern society currently faces a serious challenge in preventing money laundering, e.g. making the
possession, use, or disposal of money or other property obtained from criminal activities appear to be
legal, and terrorism financing – providing or gathering money or rendering financial services with the
knowledge that the money is intended to finance the organization, preparation for, or execution of terrorist
acts or to support a criminal society (criminal organization) created or being created to perform terrorist
acts.

Individuals and legal entities whose income is earned illegally make various attempts to legalize their
income. For example, they may use other people’s personal data, including data that has been acquired
fraudulently. This may become a problem for people who become victims of fraud and are uninvolved in
these parties’ criminal activities. Continue reading “Terms and Conditions”