This document discusses money laundering and terrorist financing, how it affects financial institutions, and definitions of money laundering. Money laundering is defined as concealing, arranging, using, or possessing proceeds from criminal conduct, or disguising illegally obtained funds to make them appear legitimately obtained, in order to avoid suspicion from law enforcement. The document examines how financial institutions are impacted by preventing money laundering and terrorist financing through their security departments.

1. Audrius Šapola
Security department of SEB Bank

2. Physical
security

3. Information
security

4. Fraud
prevention

5. Prevention of money laundering
and terrorist financing

6. What is money
laundering and terrorist
financing?
How it affects financial
institutions?

7. “Behind every great
fortune there is a crime”
Honore de Balzac

8. What
is
money
laundering?

9. “Money laundering is any action taken to conceal,
arrange, use or possess the proceeds of any
criminal conduct”
Serious Organised Crime Agency, UK