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Money Laundering v Terrorist Financing
nNot the same thing
nBoth try to disguise source and end point
nNo predicate offence
nFunds may be legitimate
n‘Intended’ use may never occur
nWhat is the offence?
nMirror image
nReverses the ML scenario - the crime follows the laundering
nRequires different focus in financial institution
nInvestigators need to reverse thinking
n
nSimilar techniques – different purpose
nCrime and terrorism - 2 good reasons to make money laundering harder