Money Laundering Crime — Protecting the National Economy
Legal Framework
Federal Law No. (20) of 2018 regulates combating money laundering and terrorism financing.
How Does the Crime Occur?
- Transfer of Funds from Unknown Sources
- Use of Shell Companies
- Purchase of Assets to Conceal Fund Sources
Role of Legal Counsel
- Building Compliance Policies
- Preparing Suspicious Activity Reports
- Training employees
- Review of Financial Transactions
