In the immediate aftermath of September 11, 2001, many experienced intelligence officers did not understand the concept of hawala, and few knew what it actually represented in the context of money laundering and terrorism financing.
What does ML stand for?
ML stands for Money Laundering
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of ML
We have 134 other meanings of ML in our Acronym Attic
- Minor League (baseball)
- Mismatch Loss
- Missile Launch (US Air Force)
- Mission Liaison (US DoD)
- Mission Load
- Mister Lonely (movie)
- Mitral Leaflet (cardiology)
- Mixto Listo (Guatemala concrete producer)
- Mobile Launcher
Samples in periodicals archive:
Crime School: Money Laundering Chris Mathers Firefly Books Ltd.
Terrorist finance, the component of money laundering that generates the greatest social damage, is a pittance by contemporary standards: the operations of supporting dedicated operatives require a few million rather than billions of dollars in donations and revenues.
The act - also called the International Money Laundering Abatement Financial Antiterrorism Act - already requires financial institutions to establish money-laundering programs.
Money laundering is so widespread CPAs are likely to encounter it at some point in their work.
In deciding whether to exercise its discretion to approve an application under authority of this exception, the Board shall also consider whether the foreign bank has adopted and implemented procedures to combat money laundering (12 U.