AML – CTF
Anti-Money Laundering and Counter Terrorism (AML / CFT)
BSVA has gained a lot of experience in the area of anti-money laundering and counter-terrorist financing.
These are financial crimes which may have considerable economic effects.
In order to be assessed by the Judicial Authorities, money laundering requires first of all the commission of a primary and profitable underlying crime (e.g. acts of corruption, drug trafficking, agiotage, fraud, tax evasion), combined with the subjective intent of concealing the proceeds of the crime or to continue the criminal enterprise. These activities generate financial flows that result in the subtraction of resources from uses that would be economically and socially productive, and such subtraction can have negative impacts on the financial sector and the external stability of Member States.
AML/CFT controls, if implemented effectively, mitigate the negative effects of criminal economic activity and promote the integrity and stability of financial markets.