Money Laundering Directive
A Money Laundering Directive is a legal framework established by a governing body to prevent and combat the illegal practice of disguising the origins of money obtained through criminal activities. This directive typically includes regulations and guidelines for financial institutions and other entities to follow in order to detect and report suspicious transactions, as well as obligations to maintain records and implement anti-money laundering measures. The goal of a Money Laundering Directive is to protect the integrity of the financial system and prevent funds derived from illicit activities from being integrated into the legitimate economy.