Interventions against money laundering activities
Project manager: Laurent Laniel
As defined by FATF, the goal of a large number of criminal acts is to generate a profit for the individual or group that carries out the act. Money laundering is the processing of these criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardising their source. National law enforcement agencies, as well as other International Organizations, as Europol, Interpol, WCO and Organization of American States-CICAD, play an essential role against these criminal activities. At European Union level, the European Commission plays an essential role in preventing the use of financial system for money laundering activities without impeding the freedom of capital movement and the freedom to supply financial services.