What constitutes the act of money laundering?
Money laundering constitutes:
- concealing, discussing, converting and transferring criminal property, or removing it from the UK.
- entering into, or becoming concerned in, an arrangement which you know, or suspect, facilitates the acquisition, retention, use or control of criminal property by, or on behalf of another person.
- acquiring, using, or possessing criminal property.
- becoming concerned in an arrangement facilitating concealment, removal from jurisdiction, transfer to nominees, or any other retention or control of terrorist property.
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