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Typologies paper on MLTF techniques to misuse LPLAs 2021

The relevant working group on Legal Persons and Legal Arrangements (LPLAs) has produced typologies reports on misuse of LPLA for money laundering (ML) and terrorist financing (TF) techniques to assist Financial Institutions, DNFBPs and other stakeholders to better understand the nature of existing and emerging ML and TF threats and pursue effective strategies to address those threats. The paper also highlights the “red flag” customer behaviors or transaction patterns that supervisors, LEAs, financial institutions and DNFBPs can look out for to detect illicit financial activities. These case studies assist relevant stakeholders to implement effective strategies to adequately analyze ML/TF threats, as well as design and implement effective preventative measures.

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