By Dr Frank Anthony Tabone – Associate
Several individuals use different typologies and techniques to lauder the proceeds of crime. The below is a non-exhaustive list of red flags which could serve as possible indicators that money laundering activities are taking place.
Whilst it is important to be pointed out that in the case of a red flag, it does not automatically mean that money laundering or terrorism financing activities are taking place, however a more rigorous due diligence must be carried out on that customer.
