Money laundering is the process of transforming the proceeds of crime into ostensibly legitimate money or other assets. Four Acts of primary legislation govern Money laundering and terrorist funding in the UK;
1. Terrorism Act 2000
2. Anti-terrorism, Crime and Security Act 2001
3. Proceeds of Crime Act 2002
4. Serious Organised Crime and Police Act 2005
5. Money Laundering Regulations 2007
British Pearl has a strict customer due diligence process designed to prevent the site being used for money laundering.