MLR3C1150 - Introduction: Definitions of money laundering and terrorist financing

Money laundering activity includes any of the following activities:

• Acquiring, using or possessing criminal property
• Handling the proceeds of crimes such as theft, fraud and tax evasion
• Being knowingly involved in any way with criminal or terrorist property
• Entering into arrangements to facilitate laundering criminal or terrorist property
• Investing the proceeds of crimes in other financial products
• Investing the proceeds of crimes through the acquisition of property/assets
• Transferring criminal property

Further guidance on money laundering activity can be found in the introductory parts of our sector specific core guidance.

• section 1.1 of Money Service Buisnesses guidance
• section 1.2 of High Value Dealers guidance
• section 1.1 of Estate Agency Buisnesses guidance
• section 1.1 of Trust or Company Service Providers guidance

Further details can also be found in section 2 of the CCAB Anti money laundering guidance.