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Money Laundering Guideline

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Money laundering refers to the use of banking and other financial institutions, and any other institutions in the deposit and transfer of funds derived from criminal activity. Criminals launder
money in order to disguise the identity of its source. Rapid technological advancement and the increased integration of the world’s financial systems have enhanced the ease with which criminal money can be laundered. On the other hand, the identification and tracing processes have been complicated.