Investment Law - Money Laundering and Terrorist Finance Essay

Investment Law - Money Laundering and Terrorist Finance - Essay ensample50)2.We can therefore describe money laundering as a process whereby the proceeds from activities of disgust are covered to conceal their source or origin which is illicit. Money laundering may think three distinct reas alternative actus (Graham, 2007, p. 51)3. These includes the one, the transfer or conversion of station bearing in head word that such property or asset a unlawful proceeds, two, the concealment or disguise of the source, nature, disposition, location, rights self-command or the movement with regards to the property bearing in mind that such property is a criminal proceeds and three, the property possession, the acquisition or use having in mind that the reception time that the property is of criminal proceeds (Graham, 2007, p. 51)4.On the other hand, financial terrorism involves collection, provision or solicitation of gold with an objective that the funds may be utilized to enhance terro rist organizations or acts. These funds may sire from either illicit or legal sources. To define more precisely, a individual is said to redact of terrorist financial support if the person by any way indirectly or directly, willfully or unlawfully collects or provides funds with the aim that the money or the funds be used or the person has the knowledge that the money will be used in part or full prolong of a criminal offense with the convectional offense (Graham, 2007, p. 51)1. The major objective of an entities or individual engaging in terrorist financing is thus not necessarily hide the money but both nature and financing of the activity of financing (Graham, 2007, p. 51)2.The risk that may be associated with money laundering is that, it damages financial sectors which the separate institutions for economic growth of a realm. Money laundering and financial terrorism reduces the productivity with a country since most of resources are diverted to criminal activities encoura ging practices of corruption (Graham, 2007, p.