FATF/MENAFATF joint typologies report on "Money Laundering Through the Physical Transportation of Cash".21 Dec 2015
MENAFATF Secretariat would like to announce the publication of the FATF/MENAFATF joint typologies report on "Money Laundering Through the Physical Transportation of Cash". This report analyzed input provided by over 60 countries to identify methods and techniques that criminals use to transport funds across the border. The report contains a number of real case studies to illustrate these techniques, ranging from the transportation of large quantities in low denominations by cargo or mail, to the transportation of smaller quantities of cash, but often in high-denomination notes in or on a person.
The report identifies the main challenges that law enforcement, customs and other agencies face to detect and disrupt the physical transportation of cash. It also provides red flags indicators and other information for use by all agencies, who need to work together and exchange information to control their borders. These indicators can indicate possible cases of cash transportation and contribute to profiling and further investigation.