Sanction Analyst Interview Questions and Answers

Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

• Money laundering involves disguising the origins of illegally obtained money.

• It typically involves a series of transactions to make the money appear legitimate.

• Money laundering can involve complex financial transactions and multiple parties.

• Examples of money laundering include str...read more

Layering is a form of financial fraud where multiple transactions are made to create confusion and hide the original source of funds.

• Layering involves multiple transactions to obscure the origin of funds.

• It is a common technique used in money laundering to make it difficult to trace the illegal source of funds.

• Examples of layering include transferring funds between multiple accounts in different countries or making numerous small transactions to avoid detection.