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Referatkonomiudvalget Ordinary mdeMdetidspunkt:10022016 14:30Mdeafholdelse:ML. 0.23 VIP Lounge. Tilted:Birgit S. Hansen (A) Normand Andes Broom (V) Jane List (A) Carsten Sense (OF) Ole Rock Jensen
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ML stands for Money Laundering, which is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or tax evasion, appear to have come from a legitimate source.
Financial institutions, including banks, credit unions, and money service businesses, are required to file reports on suspicious transactions that may indicate money laundering.
To fill out an ML report, financial institutions must provide detailed information about the suspicious transaction, including the parties involved, the amounts, and the nature of the transaction.
The purpose of ML reports is to help law enforcement agencies track down and prosecute individuals or organizations involved in money laundering and other financial crimes.
ML reports must include information about the parties involved in the transaction, the amounts of money involved, and any suspicious activity that may indicate money laundering.
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