Money laundering
Turning the proceeds of crime into funds or assets that seem legitimate.
See
AML/CTF Act 2006 section 5
Criminal Code 1995 Division 400
Money mule
Someone who transfers or moves illegally-acquired money on behalf of someone else.
Money mules can move funds in various ways, including but not limited to:
- physical cash
- bank account transfers
- obtaining and depositing cashier’s cheques
- virtual assets
- using prepaid debit cards
- via remittance service providers.