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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.