What is money laundering?

Money laundering is the process of disguising the illegal origin of money. The process can be divided into three stages: placement, layering and integration.

• Placement is the introduction of criminally obtained money into the financial system.
• Layering is the carrying out of a series of transactions in order to conceal the criminal origin of the assets.
• Integration involves the integration of the assets into the legitimate economy.

All three stages are prohibited by the authorities.

As a financial institution, we are obliged to prevent any activity related to money laundering and the financing of terrorism. Our goal is to prevent such practices by performing due diligence and monitoring transactions to detect and prevent criminal activity and to maintain a reliable environment for you to trade.

For more information on the prevention of money laundering, please visit the DNB's website or the FATF Recommendations (fatf-gafi.org).