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Luxuries and larceny: ‘Following the goods’ for AML prevention

Moody’s Talks: KYC Decoded

CHAPTER

Luxury Goods and Anti-Money Laundering Regulations

Exploring the relationship between luxury goods and anti-money laundering regulations, this chapter covers the definition of luxury items like watches and cars under regulatory scrutiny. Emphasizing the need for a risk-based approach and consideration of sanctions requirements, the discussion delves into how luxury goods, from Rolex watches to yachts, can be used in illicit money laundering activities such as layering and resale.

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