Smuggling and money laundering

When the rules governing the activity described above are breached, administrative infractions or crimes occur, depending on the severity of the observed conduct, which receive the generic name of smuggling .

Among the different types of smuggling we can mention:

• Trafficking in substances or articles whose possession is prohibited (drugs, weapons, etc.).

• Illicit trafficking of goods that, by their nature, require very specific controls (animals, works of art, etc.).

• Excessive entry of items whose permitted quantity is restricted to personal use (tobacco, alcohol, etc.).

As a result of these illicit activities, funds are generated that are then attempted to be used legally through what is known as "money laundering." To prevent money laundering, rules are established for banks and other financial institutions to identify clients, monitor transactions, etc.