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money laundering(ml) - Coggle Diagram

- - - - laws
      - control crime
      - decease bribery through transparency
- - - - receiving, processing, analysing and disseminating info wrt suspect financial transactions
      - coordination
  - - - Sets international standards to combat money laundering and terrorist financing
      - Assesses and monitors compliance with the FATF standards
      - conduct studies
      - maintains 2 lists
        
        Grey List: Countries considered safe haven
        
        Black List: Countries known as Non-Cooperative Countries or Territories (NCCTs)
- - - - in line with global practices
      - as of now ancillary crime has to proven 1st to prove ML