Instruction COSOB No. 24-07 of November 21, 2024 on Client Vigilance Measures for the Prevention and Fight Against Money Laundering, Terrorism Financing, and Proliferation Financing

The People's Democratic Republic of Algeria 1 Stock Market Operations Supervision and Organization Commission – COSOB - Instruction COSOB No. 24-07 of November 21, 2024 on Client Vigilance Measures in the Framework of the Prevention and Fight Against Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction

Article 1: In accordance with the provisions of COSOB Regulation No. 24-01 of 11 Moharram 1446 corresponding to July 17, 2024, relating to the prevention and fight against money laundering, terrorism financing, and financing of the proliferation of weapons of mass destruction, this instruction aims to define the vigilance measures to be implemented by the various stakeholders, including stock market intermediaries, securities custodians, collective investment schemes in securities, the Algiers Stock Exchange, the central depository (Algérie Clearing), venture capital companies, and managers of crowdfunding platforms, hereinafter referred to as "the obligated entities," in order to guarantee full compliance with existing procedures.

Title I - Client Acceptance Policy and Internal Procedures

Article 2: Obligated entities must define and implement a clear and approved policy for client acceptance, aiming to determine the conditions and criteria regarding the establishment, maintenance, or refusal of a business relationship, as well as the conditions necessary for the execution of occasional operations defined by this instruction as "any single or occasional operation performed by a client who has not established a continuous business relationship with the obligated entity, including occasional operations in the form of electronic transfers."

In addition to appropriate vigilance procedures to be implemented, this policy must allow for the identification of categories of potential risks related to the business relationship, taking into account the global assessment of money laundering, terrorism financing, and financing of the proliferation of weapons of mass destruction risks, considering the size and nature of the commercial activity.

This assessment must also allow for the creation of a specific profile for each business relationship, in order to guarantee continuous monitoring and efficient allocation of resources to ensure rigorous follow-up.

The client acceptance policy must allow for the identification of client categories likely to present high risks in the areas of money laundering, terrorism financing, and financing of the proliferation of weapons of mass destruction, in order to examine them in depth and make a decision on their acceptance by the General Management.

However, this policy must not be excessively restrictive to the point of preventing persons needing basic financial services from accessing them, particularly in cases relating to securities.

Article 3: When assessing individual risks related to money laundering, terrorism financing, and financing of the proliferation of weapons of mass destruction for each business relationship or occasional operation, obligated entities must take into account all information relating to the client's characteristics, as well as the purpose and nature of the business relationship or occasional operation.

This assessment must include a set of relevant factors such as the client's profession, the source of their income and wealth, the type of account and its purpose, the country of residence, the financial services used, their commercial activity, as well as other risk indicators directly related to the client, with the aim of determining the nature and level of appropriate vigilance measures to be implemented.

Article 4: Obligated entities must implement effective and comprehensive internal procedures in all their commercial activities, in order to include:

Mechanisms for defining and updating the risk profile for each business relationship, based on a risk-based approach;
The vigilance measures required according to the risk level determined for each business relationship, in accordance with the assessment provided for in Article 3 of this instruction;
Criteria for detecting unusual operations and all necessary procedures to analyze these operations and verify the presence of suspicions, as well as the obligation to inform the Financial Intelligence Processing Unit (CTRF) in case of doubt;
The methods for informing and reporting suspicious operations to the Financial Intelligence Processing Unit (CTRF);
The methods for retaining information and documents.

The definition and implementation of these policies and procedures require commitment from the General Management, which must supervise their execution and guarantee their validity through internal control procedures for money laundering, terrorism financing, and financing of the proliferation of weapons of mass destruction risks, and evaluate their effectiveness while taking necessary corrective measures in case of failure.

These internal policies and procedures must be formalized and sufficiently clear to allow for practical implementation. They must be regularly updated and made available to concerned employees.

Obligated entities must also implement rigorous and official verification procedures during the selection and hiring of employees to ensure they meet high competence criteria.

Title II - Client Vigilance Measures

Article 5: Before initiating a business relationship or executing any occasional operation, obligated entities must apply the following vigilance measures completely and effectively:

Obligated entities must identify all clients (whether individuals, entities, or non-profit organizations) and their representatives, as well as any person claiming to act on behalf of the client. Identity must be verified using official documents and data from reliable and independent sources;
The identity of the beneficial owner of any business relationship or occasional operation must be determined, and appropriate vigilance measures must be taken to verify their identity using data and information from reliable and independent sources, in order to guarantee a precise understanding of the person behind the business relationship;
Obligated entities must identify the specific purpose and nature of the intended business relationship or occasional operation, in order to guarantee that the operation corresponds to the legitimate objectives of the clients;
If the available information is insufficient to fully identify the client, vigilance measures must be taken to obtain all necessary information to ensure complete knowledge of the client;
It must be ensured that measures to freeze or seize securities are applied, with a prohibition on making them available or using them in money laundering, terrorism financing, or proliferation of weapons of mass destruction activities. To this end, obligated entities must implement an effective mechanism guaranteeing the continuous consultation and examination of national and international sanctions lists;
In case of doubts regarding the accuracy of data or documents provided by the client, obligated entities must verify the accuracy of this information using independent and reliable means;
If an operation appears to concern money laundering, terrorism financing, or the proliferation of weapons of mass destruction, or if there are doubts about the truthfulness or accuracy of the client's data, enhanced vigilance measures must be taken before finalizing the operation;
Documents and information concerning clients must be updated continuously and appropriately, particularly for clients representing high risks or those whose circumstances change frequently;
Obligated entities must absolutely refrain from opening or maintaining anonymous, numbered, or accounts bearing fictitious or untraceable names.

When obligated entities cannot comply with the aforementioned requirements or when the client's financial operations contradict the information available about them, one of the following measures must be taken, as appropriate:

Do not open the account or establish the business relationship;
Do not execute the financial operation;
Terminate the business relationship with the client if necessary;
Establish and transmit a suspicious transaction report to the CTRF in case of doubt.

Title III - Identification and Verification of Client Identity

Article 6: Obligated entities must define the main vigilance procedures necessary to identify all clients, as well as to conduct verifications adapted to the money laundering, terrorism financing, and proliferation of weapons of mass destruction risks associated with clients. In accordance with Articles 11 and 12 of COSOB Regulation No. 24-01, in case of high risks, obligated entities must take enhanced vigilance measures to mitigate and manage them. If risks are low, simplified vigilance measures may be applied in accordance with Article 18 of the aforementioned regulation.

Article 7: Obligated entities must identify clients before establishing a business relationship or executing occasional operations. This includes collecting all information relating to the client's identity and activity, on a declarative basis. This information allows the obligated entity to create a client profile, determine how their account will be managed, and determine the level of associated risks, based on the level of vigilance required according to the risk level.

Article 8: Obligated entities must identify the beneficial owners of their clients in the case of legal persons. The beneficial owner refers to any natural or legal person who holds, directly or indirectly:

At least 20% of the capital or voting rights, or exercises effective control over the management or supervisory bodies or the general assembly;
Owns or controls the client, whether it is a legal person, a representative, or a natural person on whose behalf the operations are carried out;
Exercises effective control through the possession of a majority share or a dominant position.

If the identification of the beneficial owner cannot be carried out in accordance with the above criteria, the client's General Manager may be considered the beneficial owner, provided that the obligated entities have conducted a thorough investigation to identify the true beneficiary.

Article 9: Obligated entities must have a duly filled and signed "Know Your Customer" (KYC) questionnaire by the client (or their legal representative), containing information relating to the client and their characteristics, as well as the object and nature of the business relationship or occasional operation. The following information must be included:

Individual Clients:

Name, first names, date and place of birth;
Updated residential address;
Nationality;
Residence status (resident or non-resident);
Profession or function;
Nature and purpose of the business relationship;
Data concerning assets, income, and sources of funds.

Corporate Clients:

Company name, legal form;
Registered office address;
Identity of shareholders or founders, board members, legal representatives;
Ownership and control structure;
Nature and purpose of the business relationship;
Data relating to income and sources of funds.

Legal persons include those governed by Algerian law as well as legal forms constituted abroad, including legal structures and trusts.

Beneficial Owners:

Name, first names, date and place of birth;
Residential address;
Nature and degree of control over the legal person;
Date of acquisition of beneficial owner status.

Article 10: Obligated entities must verify the client's identity before establishing the business relationship or executing occasional operations, using the "Know Your Customer" (KYC) questionnaire. They must verify the accuracy and validity of the information provided and use reliable means to confirm identity, such as official documents or appropriate technological tools.

Title IV - Vigilance Measures in the Context of Remote Business Relationships

Article 11: Obligated entities must exercise enhanced vigilance in the context of business relationships that do not require the physical presence of the client. Additional measures must be taken to guarantee the verification of the client's identity and the truthfulness of the information provided, such as:

Verification of data by comparing the information provided by the client with other available data from reliable and independent sources, with the aim of validating the accuracy and truthfulness of this data;
Direct interview with the client within a reasonable time to complete the identification process and guarantee the consistency of the information provided.

Title V - Updating Client Knowledge and Information

Article 12: Obligated entities must ensure that the information and documents collected in the framework of due diligence regarding clients remain up-to-date, accurate, and appropriate. This information, data, and documents must be updated appropriately throughout the business relationship, according to a risk-based approach.

The internal procedures of obligated entities must define how client knowledge is updated, as well as the frequency and nature of the information to be updated. The update frequency and the nature of the required information must correspond to the risk level associated with the business relationship, such as money laundering, terrorism financing, and proliferation of weapons of mass destruction risks. Annual updates must be the maximum in case of high risk levels.

Information updates must also take place in the following cases:

When there is a change in the beneficial owner or persons acting on behalf of the client, or upon the development of a new financial service;
In case of operations inconsistent with client knowledge and their commercial activities, including updating information relating to their activities, financial situation, sources of funds, or the purpose of the operation;
In case of substantial changes in client documentation criteria or adaptation in account management.

Article 13: Obligated entities must analyze the updated information and data to reassess the client's risk profile, and determine whether it is necessary to adjust risk management strategies or the level of verification required.

Article 14: Obligated entities must implement an internal control system adapted to the nature and size of their activities, with sufficient human resources to guarantee continuous and accurate updating of client information according to a risk-based approach. Obligated entities must define:

An update schedule based on the client's risk category (low, medium, high), as well as the nature and depth of the necessary verification;
The distribution of roles and responsibilities, with the designation of specific teams or persons responsible for the update;
Ensuring that updated documents and information are appropriate and sufficient for risk management.

Article 15: In case of difficulties in updating client identification information after account opening, obligated entities must take the following measures:

Close the account if updating the required information is impossible;
Inform the concerned authorities, including the client, the CTRF, and COSOB;
Terminate the business relationship if updating the information is impossible.

Title VI - Electronic Transfers

Article 16: For the purposes of this chapter, it is understood by:

Originator: The natural or legal person who gives instructions to the obligated entities to perform an electronic transfer;
Beneficiary: The natural person, legal person, or entity designated by the originator as the recipient of the electronic transfer.

Article 17: Obligated entities must ensure that all national electronic transfers are accompanied by the following information:

The name and first name of the originator;
The originator's account number, if this account is used to perform the operation. If no account is used, a unique reference number for the operation must be provided, allowing for correct tracking of the operation;
The originator's address, or their national identity number, or their client identification number, or their date and place of birth;
The name and first name of the beneficiary;
The beneficiary's account number, if this account is used to perform the operation. If no account is used, a unique reference number for the operation must be provided, allowing for correct tracking of the operation.

This information must be integrated into the obligated entities' information system, in a manner that allows for easy retrieval and use.

Article 18: In cases where information relating to the originator and the beneficiary can be provided by other means, obligated entities must include only the account number or the unique reference number for the operation, provided that this number allows for correct and effective tracking of the operation to the originator or the beneficiary.

Article 19: Obligated entities must make available, within three (3) working days following the receipt of the request, information concerning the originator, as appropriate, to the beneficiary and/or competent authorities. This information must be provided immediately to the judicial authority in accordance with existing legislative provisions.

Article 20: Obligated entities must retain information relating to the originator and the beneficiary for at least five (5) years after the execution of the operation, including all details collected in the framework of appropriate vigilance measures.

Article 21: It is prohibited for obligated entities to perform electronic transfers that do not contain the required information concerning the originator and the beneficiary, as described in Articles 17 and 18 above.

Article 22: Obligated entities or any person acting as an intermediary must adopt risk-based procedures to process received financial transfers or transfer orders for securities that do not contain the information stipulated in the preceding articles. These procedures include the application of the following measures:

Increased monitoring of occasional operations in the form of electronic transfers exceeding a minimum threshold estimated at 150,000 DA;
Suspension of the execution of the operation with a request for the required information from the originator within a reasonable time;
Refusal of the operation if the required information is not provided within the allotted time;
Termination of the business relationship with the originator of the transfer and the beneficiary if they fail to comply with the requirements of the preceding articles;

Title VII - Continuous Monitoring of Operations

Article 23: Obligated entities must exercise continuous vigilance throughout the business relationship, examining operations performed appropriately and consistently with the risk assessment. Continuous monitoring must be based on updated information on clients, allowing the institution to reliably detect unusual or suspicious operations.

Article 24: Obligated entities must implement appropriate internal procedures based on their general risk assessment, including precise criteria and limits to identify atypical operations, as follows:

Criteria:

Abnormally complex operations;
Operations of abnormally high value compared to the usual knowledge of the client;
Operations performed under unusual circumstances;
Operations lacking economic justification or clear legitimate purpose;
Operations exceeding regulatory limits;
Operations performed by persons located in countries or regions non-compliant with international standards for the fight against money laundering, terrorism financing, and financing of the proliferation of weapons of mass destruction;
Operations involving complex structures or legal entities with no apparent economic purpose;
Operations involving third parties without a clear economic link to the client;
Operations involving jurisdictions with weak anti-money laundering and counter-terrorism financing regimes;
Operations involving cash or cash equivalents in large amounts;
Operations involving rapid movement of funds without clear economic rationale;
Operations involving frequent transfers to or from high-risk jurisdictions;
Operations involving the use of shell companies or trusts;
Operations involving the purchase or sale of high-value assets (real estate, art, jewelry, etc.) with cash or untraceable funds;
Operations involving the conversion of funds into cryptocurrencies or other virtual assets;
Operations involving the use of multiple accounts to obscure the origin or destination of funds;
Operations involving the use of intermediaries or correspondents without clear identification;
Operations involving the use of prepaid cards or payment instruments with limited traceability;
Operations involving the use of digital wallets or online payment platforms without adequate verification;
Operations involving the use of peer-to-peer lending platforms without adequate due diligence;
Operations involving the use of crowdfunding platforms without adequate risk assessment;
Operations involving the use of remittance services without adequate verification of the originator and beneficiary;
Operations involving the use of trade-based money laundering techniques;
Operations involving the use of false invoicing or over/under-invoicing;
Operations involving the use of shell companies in tax havens;
Operations involving the use of trusts with opaque beneficial ownership;
Operations involving the use of foundations with unclear purposes;
Operations involving the use of non-profit organizations for illicit financing;
Operations involving the use of charitable organizations for terrorist financing;
Operations involving the use of political parties for illicit financing;
Operations involving the use of government officials for illicit enrichment;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for illicit gains;
Operations involving the use of natural resource exports for illicit financing;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for illicit financing;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for illicit gains;
Operations involving the use of corruption for illicit enrichment;
Operations involving the use of embezzlement for illicit gains;
Operations involving the use of tax evasion for illicit gains;
Operations involving the use of customs fraud for illicit gains;
Operations involving the use of counterfeiting for illicit gains;
Operations involving the use of piracy for illicit gains;
Operations involving the use of smuggling for illicit gains;
Operations involving the use of illegal mining for illicit gains;
Operations involving the use of illegal logging for illicit gains;
Operations involving the use of illegal fishing for illicit gains;
Operations involving the use of illegal waste disposal for illicit gains;
Operations involving the use of environmental crimes for illicit gains;
Operations involving the use of cybercrime for illicit gains;
Operations involving the use of identity theft for illicit gains;
Operations involving the use of credit card fraud for illicit gains;
Operations involving the use of bank fraud for illicit gains;
Operations involving the use of insurance fraud for illicit gains;
Operations involving the use of investment fraud for illicit gains;
Operations involving the use of Ponzi schemes for illicit gains;
Operations involving the use of pyramid schemes for illicit gains;
Operations involving the use of advance fee fraud for illicit gains;
Operations involving the use of romance scams for illicit gains;
Operations involving the use of phishing for illicit gains;
Operations involving the use of malware for illicit gains;
Operations involving the use of ransomware for illicit gains;
Operations involving the use of botnets for illicit gains;
Operations involving the use of DDoS attacks for illicit gains;
Operations involving the use of social engineering for illicit gains;
Operations involving the use of insider trading for illicit gains;
Operations involving the use of market manipulation for illicit gains;
Operations involving the use of front running for illicit gains;
Operations involving the use of wash trading for illicit gains;
Operations involving the use of spoofing for illicit gains;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money laundering;
Operations involving the use of social engineering for money laundering;
Operations involving the use of insider trading for money laundering;
Operations involving the use of market manipulation for money laundering;
Operations involving the use of front running for money laundering;
Operations involving the use of wash trading for money laundering;
Operations involving the use of spoofing for money laundering;
Operations involving the use of layering for money laundering;
Operations involving the use of integration for money laundering;
Operations involving the use of smurfing for money laundering;
Operations involving the use of structuring for money laundering;
Operations involving the use of shell companies for money laundering;
Operations involving the use of trusts for money laundering;
Operations involving the use of foundations for money laundering;
Operations involving the use of non-profit organizations for money laundering;
Operations involving the use of charitable organizations for money laundering;
Operations involving the use of political parties for money laundering;
Operations involving the use of government officials for money laundering;
Operations involving the use of public procurement for money laundering;
Operations involving the use of privatization processes for money laundering;
Operations involving the use of natural resource exports for money laundering;
Operations involving the use of arms trafficking for money laundering;
Operations involving the use of human trafficking for money laundering;
Operations involving the use of drug trafficking for money laundering;
Operations involving the use of fraud for money laundering;
Operations involving the use of corruption for money laundering;
Operations involving the use of embezzlement for money laundering;
Operations involving the use of tax evasion for money laundering;
Operations involving the use of customs fraud for money laundering;
Operations involving the use of counterfeiting for money laundering;
Operations involving the use of piracy for money laundering;
Operations involving the use of smuggling for money laundering;
Operations involving the use of illegal mining for money laundering;
Operations involving the use of illegal logging for money laundering;
Operations involving the use of illegal fishing for money laundering;
Operations involving the use of illegal waste disposal for money laundering;
Operations involving the use of environmental crimes for money laundering;
Operations involving the use of cybercrime for money laundering;
Operations involving the use of identity theft for money laundering;
Operations involving the use of credit card fraud for money laundering;
Operations involving the use of bank fraud for money laundering;
Operations involving the use of insurance fraud for money laundering;
Operations involving the use of investment fraud for money laundering;
Operations involving the use of Ponzi schemes for money laundering;
Operations involving the use of pyramid schemes for money laundering;
Operations involving the use of advance fee fraud for money laundering;
Operations involving the use of romance scams for money laundering;
Operations involving the use of phishing for money laundering;
Operations involving the use of malware for money laundering;
Operations involving the use of ransomware for money laundering;
Operations involving the use of botnets for money laundering;
Operations involving the use of DDoS attacks for money

Instruction COSOB No. 24-07 of November 21, 2024 on Client Vigilance Measures for the Prevention and Fight Against Money Laundering, Terrorism Financing, and Proliferation Financing

Lineage: In force

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