Anti-Money Laundering Laws

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:law
gptkbp:appliesTo	gptkb:Banks gptkb:Credit_unions Financial institutions Casinos Real estate businesses
gptkbp:defines	Laws designed to prevent the process of making illegally-gained proceeds appear legal
gptkbp:enforcedBy	gptkb:Financial_Action_Task_Force gptkb:Financial_Crimes_Enforcement_Network National governments
https://www.w3.org/2000/01/rdf-schema#label	Anti-Money Laundering Laws
gptkbp:originatedIn	1970s
gptkbp:penalty	Imprisonment Fines License revocation
gptkbp:purpose	Prevent money laundering Detect financial crimes
gptkbp:relatedTo	gptkb:USA_PATRIOT_Act gptkb:Bank_Secrecy_Act gptkb:Counter-Terrorism_Financing_Laws gptkb:European_Union_AML_Directives gptkb:Financial_Action_Task_Force_Recommendations
gptkbp:requires	Risk assessment Record keeping Customer due diligence Employee training Suspicious activity reporting Independent audit Internal controls
gptkbp:scope	International National Sector-specific
gptkbp:bfsParent	gptkb:Mobile_Payments
gptkbp:bfsLayer	5