Anti-Money Laundering · glossary
Thinking that something may be true without being able to prove it. The possibility must be more than fanciful, but it need not be likely. To report, you need only what you saw and why it worries you. MLRO’s Decision Note, paragraph 3 · Chapter 7 · see Internal report
Explained in Chapter 7, Money Laundering Red Flags and the Internal Report, of Anti-Money Laundering.
Suspicion means thinking that something may be true, without being able to prove it. In a case called Da Silva, the Court of Appeal said the possibility must be “more than fanciful”. It does not have to be likely.Read Chapter 7, Money Laundering Red Flags and the Internal Report →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Anti-Money Laundering and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Anti-Money Laundering → · All terms A–Z →