Oct 20

Financial Intelligence Centre unpacks reporting requirements

Trust and company service providers play a vital role in combating money laundering, and terrorist and proliferation financing — as these methods can be used to facilitate criminal activities.  These service providers are considered as gatekeepers in the financial system as they assist with the creation of companies, trusts and other corporate vehicles. Criminals often abuse trust and company service providers to set up front companies for the purpose of laundering and in this way attempt to avoid law enforcement detection.

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