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The ugly side of cash transactions

Monday, September 05, 2022 | 1180 Views |

Every jurisdiction has a cash threshold limit as per its risk-based matrices to ensure that measures to mitigate Money Laundering, Terrorist, and Proliferation Financing (ML/TF/PF) are within the national risk appetite.

The cash threshold refers to the total amount that an individual or entity can receive, carry around, or payout in the form of cash.

Cash transaction makes the first stage of money laundering known as Placement practical.

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The ugly side of cash transactions

Every jurisdiction has a cash threshold limit as per its risk-based matrices to ensure that measures to mitigate Money Laundering, Terrorist, and Proliferation Financing (ML/TF/PF) are within the national risk appetite.