What does MLTF mean in UNCLASSIFIED

Money Laundering and Terrorist Financing (MLTF) is a process of using monetary resources to finance terrorist activities, as well as hiding or disguising the source of funds used.

MLTF has become an increasingly serious threat to national security and stability, and has been a major challenge for governments around the world.

Individuals can help prevent money laundering by being aware of red flags such as sudden financial gains or transfers, unusual requests for secrecy or confidentiality, large cash deposits not in line with inherent income levels, etc. They should also report any suspicious activity that may be related to money laundering or other financial crimes.

A Financial Investigation Unit (FIU) is an entity specially created to detect and investigate money laundering activity and prosecute those responsible. The FIUs are usually independent from law enforcement agencies but work closely with them in order to be able to identify relevant evidence in order to track down illegal activities associated with finance crime such as fraud, terrorism financing etc.

Organizations such as banks, securities firms, casinos, insurance companies, money service businesses are typically required by law to have anti-money laundering programs in place which must include customer identification procedures that verify customer identities against official documents. Other sectors such as the real estate industry may also have AML requirements depending on the jurisdiction they operate in.