Spotting Signs of Money Laundering

Money laundering is something that causes huge problems all over the world for many reasons. It costs countries vast sums of money and is often found at the heart of sinister organised criminal gangs. Stamping out money laundering is something that everyone needs to help with, as although the police and crime experts know their stuff, it can often take a member of the public such as a business owner or a neighbour to notice some suspicious goings on which could help the police to catch the criminals.

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As a business owner, you may well be targeted by money launderers as a way to ‘wash’ the dirty money which they have from illegal activities. As well as training staff to help them to spot the sort of warning signs to look out for, it is also a good idea as a business owner to get the help of a specialist service like know your customer from W2 Global Data.

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Money launderers will also sometimes set up a business of their own. This could appear perfectly legitimate and legal, however it is there to operate as a front for the illegal activities going on behind it, so it is important to be vigilant.

In daily life you may also notice money laundering activities. Many people who were involved in these kinds of criminal activities have been caught when members of the public have raised suspicions about them appearing to live a lifestyle that seems far beyond their means.

Richard Brown


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