Show:
AML Acronyms
AML Definitions
Famous Cases
Money Laundering Techniques
PayPal History
100
OFAC
What is the Office of Foreign Assests Control?
100
The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.
What is money-laundering?
100

At one time, his cartel controlled 80% of the world's cocaine trade.

Who is Pablo Escobar?

100

A complex forms of money laundering, this method involves under- or over-valuing business invoices to disguise the movement of money.

What is trade-based money laundering?

100

He has been the President and CEO of PayPal since September 2014.

Who is Dan Schulman?

200
FinCEN
What is the Financial Crimes Enforcement Network?
200
The first stage in the washing cycle.
What is placement?
200

This 2013 movie starring Leonardo DiCaprio was allegedly financed by funds misappropriated from the Malaysian sovereign wealth fund.

What is the Wolf of Wall Street?

200
The act of using runners to perform multiple financial transactions to avoid the currency reporting requirements.
What is "smurfing"?
200

PayPal is headquartered in this city in northern California.

What is San Jose?

300
FATF
What is the Financial Action Task Force?
300
The final stage in the money-laundering process.
What is integration?
300
This former president of the Philippines laundered billions of dollars through US and Swiss banks.
Who is Ferdinand Marcos?
300

This type of business entity is used to hide the beneficial owner of property or business.

What is a shell company?

300

In July 2014, PayPal split with with this marketplace platform and once again became a single, publicly-traded company.

Who is eBay?

400

MLRO

What is the Money Laundering Reporting Officer?

400
Creating complex layers of financial transactions designed to disguise the audit trail and provide anonymity.
What is layering?
400

This infamous Chicago mobster is credited with being at the forefront of the birth of modern money-laundering schemes.

Who is Al Capone?

400

This is a term used for cash smugglers, who sneak large amounts of cash across borders and deposit them in foreign accounts, where money-laundering enforcement is less strict.

What is a money mule?

400

The year in which PayPal was founded.

What is 1998?

500

BSA

What is the Bank Secrecy Act?

500
The act of breaking up a potential large transaction into several smaller transactions.
What is structuring?
500

This tiny island nation became well-known for money laundering for the Russian mafia and Al-Qaida in the late 1990s.

What is Nauru?

500

These are utilized to break the connection between an address (or crypto "wallet") sending cryptocurrency and the address receiving it.

What is a "mixer" or "tumbler"?

500

This was the company's initial name.

What is Confinity?