Prevention and Control of Money Laundering
Prevention and control of money laundering, results in the application of different mechanisms through which the mitigation efforts be made to the offense; but to understand the importance of their prevention and control, it is important to know what it is, how it is applied and what other accompanying events.
Definition of Money Laundering:
It is the process by which the goods or funds obtained illegally, manage to have legal appearance by a person or persons who integrate them into the various legal channels of the economy.
In a broad aspect, it interferes in developing countries and affect different sectors of society (social, political and economic).
In particular, Money Laundering is a phenomenon of international dimensions, which is duly typified by global treaties and laws, results in imprisonment.
Is the act or omission of three (3) or more persons associated for a time with the aim of committing one or more serious crimes or offenses established in accordance with the Palermo Convention, in order to obtain, directly or indirectly, a financial benefit , political or other material benefit.
Financing of Terrorism
It is any form of action, assistance or providing financial support to the activities of terrorist elements or groups, which require funds without distinction of origin to achieve their ends.