{"id":25265,"date":"2013-05-16T14:28:09","date_gmt":"2013-05-16T08:58:09","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=25265"},"modified":"2024-04-12T14:18:02","modified_gmt":"2024-04-12T08:48:02","slug":"aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/","title":{"rendered":"AML- KYC Tutorial | Global Phenomenon in Money Laundering"},"content":{"rendered":"<h1>Global Phenomenon in money laundering<\/h1>\n<p><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-91259 aligncenter\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png\" alt=\"Global phenomenon in money laundering\" width=\"750\" height=\"400\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a>The methods of concealment and money laundering have become increasingly sophisticated and attract attention globally. Some of the reasons why it has attracted global attention are:<\/p>\n<ul>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">Successfully laundering money means that criminal activity actually does pay off. This means more fraud, more corporate embezzling, more drug on the streets, more drug-related crime.<\/span><\/li>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">It is the fuel to expand criminal enterprise.<\/span><\/li>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">Legitimate small business can\u2019t compete with a money-laundering front business that can afford to sell a product for cheaper and even in loss as their motive is to clean money and not to make profits.<\/span><\/li>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">Risks for financial systems and institutions <\/span><\/li>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">Huge amounts of illicit money in the financial system erodes integrity.<\/span><\/li>\n<\/ul>\n<p>The connection between money laundering and terrorism may be a bit more complex, but it plays a crucial role in the sustainability of terrorist organizations.<\/p>\n<p>To harmonize the efforts of the international community to counter money laundering, the United Nations Convention against Illicit traffic in Narcotic Drugs and Psychotropic Substances of 1988 requires the States which are party to it to declare money laundering a punishable offence. They are also required to adopt measures to identify and freeze or confiscate proceeds from the sale of illicit drugs and promote international cooperation against laundering.<\/p>\n<h2>How is Money Laundering a Global Threat?<\/h2>\n<p>It has acquired a global character that not only threatens security, but also compromises the transparency, stability and efficiency of financial systems. Methods and techniques used by criminals have become more complex and sophisticated. Criminals go to great lengths to protect themselves and their criminal businesses. As a result of these actions, the prosperity and security of many are put at risk by today\u2019s criminal and terrorist threats. Due to involvement of various criminal and terrorist organizations in this activity and globalization in trade and commerce, laundering poses a global threat. It can have a range of macroeconomic consequences on countries with inefficient measures to control laundering such as,<\/p>\n<ul>\n<li>Threat to the stability financial systems and institutions<\/li>\n<li>Unpredictable changes in money demand and supply<\/li>\n<li>Contamination of legal financial transactions<\/li>\n<li>Reduces tax revenue as it becomes difficult for the government to collect revenue<\/li>\n<\/ul>\n<p>Volatility in international capital flows and currency markets due to cross-border transfers<\/p>\n<div class=\"entry-content\">&nbsp;<\/div>\n<p><\/p>\n<h3><a href=\"http:\/\/www.vskills.in\/practice\/quiz\/aml-kyc\">Free AML KYC Practice Tests | Go To AML KYC Practice Test Now<\/a><\/h3>\n<h3><a href=\"http:\/\/www.vskills.in\/certification\/Certified-AML-KYC-Compliance-Officer\">Apply for Govt Certified AML KYC Certification Now!!<\/a><\/h3>\n<p><a href=\"https:\/\/www.vskills.in\/practice\/aml-kyc-mock-test\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-62197 size-full\" title=\"AML KYC Vskills\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2012\/12\/Vskills-AML-KYC-Banner.png\" sizes=\"auto, (max-width: 1203px) 100vw, 1203px\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2012\/12\/Vskills-AML-KYC-Banner.png 1203w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2012\/12\/Vskills-AML-KYC-Banner-300x48.png 300w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2012\/12\/Vskills-AML-KYC-Banner-768x123.png 768w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2012\/12\/Vskills-AML-KYC-Banner-1024x163.png 1024w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2012\/12\/Vskills-AML-KYC-Banner-712x114.png 712w\" alt=\"\" width=\"1203\" height=\"192\"><\/a><\/p>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to Tutorial<\/a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href=\"https:\/\/www.vskills.in\/certification\/Certified-AML-KYC-Compliance-Officer\" target=\"_blank\" rel=\"noreferrer noopener\">Go to Home Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Phenomenon in money laundering The methods of concealment and money laundering have become increasingly sophisticated and attract attention globally. Some of the reasons why it has attracted global attention are: Successfully laundering money means that criminal activity actually does pay off. This means more fraud, more corporate embezzling, more drug on the streets, more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3356],"tags":[6068,6069,6071,6065,6073,6072,6070,6066,71,6067,6079,6080,3589,6074],"class_list":["post-25265","page","type-page","status-publish","hentry","category-aml-kyc-2","tag-aml-certification","tag-aml-kyc-certificate","tag-aml-kyc-certificate-online","tag-aml-kyc-certification","tag-aml-kyc-course","tag-aml-kyc-in-india","tag-anti-money-laundering-certificate","tag-anti-money-laundering-certification","tag-certification","tag-compliance-certification","tag-global-phenomenon","tag-global-phenomenon-in-aml","tag-online-certification","tag-vskills-certification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AML- KYC Tutorial | Global Phenomenon in Money Laundering<\/title>\n<meta name=\"description\" content=\"Enrich your profile with advanced learning skills. Prepare and become a Certified Anti- Money Laundering -KYC Compliance Officer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AML- KYC Tutorial | Global Phenomenon in Money Laundering\" \/>\n<meta property=\"og:description\" content=\"Enrich your profile with advanced learning skills. Prepare and become a Certified Anti- Money Laundering -KYC Compliance Officer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:48:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/\",\"name\":\"AML- KYC Tutorial | Global Phenomenon in Money Laundering\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png\",\"datePublished\":\"2013-05-16T08:58:09+00:00\",\"dateModified\":\"2024-04-12T08:48:02+00:00\",\"description\":\"Enrich your profile with advanced learning skills. Prepare and become a Certified Anti- Money Laundering -KYC Compliance Officer.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png\",\"width\":750,\"height\":400,\"caption\":\"Global phenomenon in money laundering\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AML- KYC Tutorial | Global Phenomenon in Money Laundering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - A initiative in elearning and certification\",\"publisher\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\",\"name\":\"Vskills\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"width\":73,\"height\":55,\"caption\":\"Vskills\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/vskills.in\/\",\"https:\/\/x.com\/vskills_in\",\"https:\/\/www.linkedin.com\/company-beta\/1371554\/\",\"https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AML- KYC Tutorial | Global Phenomenon in Money Laundering","description":"Enrich your profile with advanced learning skills. Prepare and become a Certified Anti- Money Laundering -KYC Compliance Officer.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/","og_locale":"en_US","og_type":"article","og_title":"AML- KYC Tutorial | Global Phenomenon in Money Laundering","og_description":"Enrich your profile with advanced learning skills. Prepare and become a Certified Anti- Money Laundering -KYC Compliance Officer.","og_url":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/","og_site_name":"Tutorial","article_publisher":"https:\/\/www.facebook.com\/vskills.in\/","article_modified_time":"2024-04-12T08:48:02+00:00","og_image":[{"url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png","type":"","width":"","height":""}],"twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/","name":"AML- KYC Tutorial | Global Phenomenon in Money Laundering","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#primaryimage"},"thumbnailUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png","datePublished":"2013-05-16T08:58:09+00:00","dateModified":"2024-04-12T08:48:02+00:00","description":"Enrich your profile with advanced learning skills. Prepare and become a Certified Anti- Money Laundering -KYC Compliance Officer.","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#primaryimage","url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png","contentUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/Introduction-to-Money-Laundering-4.png","width":750,"height":400,"caption":"Global phenomenon in money laundering"},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/aml-kyc-tutorial-global-phenomenon-in-money-laundering-money-laundering\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/tutorial\/"},{"@type":"ListItem","position":2,"name":"AML- KYC Tutorial | Global Phenomenon in Money Laundering"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","name":"Tutorial","description":"Vskills - A initiative in elearning and certification","publisher":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization","name":"Vskills","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","width":73,"height":55,"caption":"Vskills"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/vskills.in\/","https:\/\/x.com\/vskills_in","https:\/\/www.linkedin.com\/company-beta\/1371554\/","https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw"]}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/25265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/comments?post=25265"}],"version-history":[{"count":21,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/25265\/revisions"}],"predecessor-version":[{"id":122251,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/25265\/revisions\/122251"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/media?parent=25265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/categories?post=25265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/tags?post=25265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}