FATF reports on Professional Money Laundering

FATF has published its report on the techniques and tools used by professional money launderers – those who launder money for others, for a fee.  FATF has identified that many countries do not properly investigate and prosecute complex and third party laundering.   The report looks at the characteristics of the professional money launderers and at what they need to run their “business”. It notes the importance of addressing these criminals, as they often work for more than one criminal or criminal organisation, so that stopping one professional launderer can hinder many more criminals.