Skip to main content

What is Money Laundering?

 


What is Money Laundering?

Money laundering is the illegal process of “cleaning” criminally obtained money in order to reintroduce the laundered funds into the legitimate economy.

Many organisations find themselves involved in money laundering operations because of poor or weak controls.

Learn more about it here.

Comments

Popular posts from this blog

What is online ID and Identity Verification?

  What is online ID and Identity Verification? Nowadays identity theft prevention policies are a must-have for any company. Performing ID and Identity verification checks is something that shouldn’t be neglected. The most efficient way to do so is by using a robust online solution. Learn more about what online ID and Identity Verification is here .

Right to Work Checks

Right to Work Checks From January 2021 the points-based immigration system has been implemented. UK employers have incorporated the proposed practices so all future recruitments are made according to the Government’s Right to Work plan. Learn more on our last blog post.

Tier 2 Sponsor Licence Compliance Requirements

  Tier 2 Sponsor Licence Compliance Requirements In this ‘Tier 2 Licence Compliance Requirements’ article, we throw light on the duties and responsibilities of a Tier 2 sponsor licence holder. It is imperative that Tier 2 sponsor licence holders understand their duties and responsibilities and develop best practices and processes to strictly ensure that compliance is met, as otherwise their Tier 2 sponsor licence can be suspended or even revoked. The consequences can have grave ramifications on an organization, its developmental curve and business – organizations shall have to forgo and lose its talented employees, who may also be forced to leave the UK unless they obtain a position with another licenced employer within a stipulated period of time. The support of a legal professional, in the long run, definitely tilts the scales in favour of the company holding a Tier 2 sponsor licence. It is highly advised to have a solicitor who can act as a one-stop expert on immigration laws, k...