Across
- 2. whereby 'dirty' money is placed into the legal, financial systems
- 3. the mandatory process of identifying and verifying the client's identity when opening an account
- 4. a money-laundering technique involving the structuring of large amounts of cash into multiple small transactions
- 7. helps a financial institution to identify those customers who present a higher risk of money laundering or illegal activity
- 9. the final stage of the money laundering process and is where the money is reintroduced into the legitimate economy
- 10. an individual who is or has been entrusted with a prominent function
Down
- 1. a crime whereby the proceeds of an unlawful activity are transacted, thereby making them appear to have originated from legitimate sources
- 5. the act of performing background checks and other screening on the customer to ensure that they are properly risk-assessed before being onboarded
- 6. illegally-gained proceeds
- 8. the process of making the source of illegal money as difficult to detect as possible by progressively adding legitimacy to it