tipping off-money laundering

It means telling the client that you are going to tell the authorities – you are about to tip off the authorities that you suspect your client is guilty of laundering.

Thanks for the expansion on my comment

welcome

Whistle blowing is not necessarily related to breaking the law whereas tipping-off is

Whistle blowing could be internal within a company whereas tipping-off is external to the relevant authorities.

Ok?

You’re welcome

Would this not have been better in the F1 Ask the Tutor forum rather than in a P7 thread about tipping-off in the context of money laundering?

WHY ARE YOU SHOUTING AT ME? Lower case typing is just fine thanks

Placement – is the stage in the crime where money is taken from its source (for example drug sales revenue) and “placed” into a legal activity so that the resultant outflow has the appearance of legally generated proceeds.

Placing money into a casino or restaurant business would be good examples of businesses into which “dirty money” could be washed

Layering – is the stage that makes tracing of “dirty money” more difficult. By moving money from one location (casino) to another (restaurant) the trail of the money becomes muddied and eventually unfollowable

Integration – is the stage where formerly “dirty money” is now re-integrated into honest business activities, typically through the bank into the bank account of an apparently honest business

From the website of the UK government we see this:

“You’re classed as a High Value Dealer if your business accepts cash payments of €15,000 or more (or equivalent in any currency) in exchange for goods. You’ll need to register with HM Revenue and Customs (HMRC) for supervision under the Money Laundering Regulations 2007.” and involved within this is the resultant activity that, if you’re NOT registered and you try to pay cash into your bank account, that will set off mental alarms at the bank and they will notify the Money Laundering Monitoring authorities

Enough?

thank you