Money Laundering

Why it matters

• It undermines the integrity of financial institutions and threatens the stability of the national economy.
• It facilitates the growth of organized crime, terrorism, and corruption by providing a mechanism to integrate illicit gains into the formal economy.
• It distorts market competition by allowing criminal enterprises to operate with capital that does not follow standard economic principles.

How it is asked

Candidates should focus on the legal framework governing anti-money laundering, the role of financial intelligence units, international cooperation mechanisms like the FATF, and the procedural aspects of asset attachment and confiscation.