Services encompass offerings provided by travel agencies and related businesses, including booking flights, accommodations, transportation, arranging tour packages, providing travel insurance, and assisting with visas and currency exchange. These services facilitate and enhance both leisure and business travel experiences.
Main/
Travel and Related Services
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Code
PS0064
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Name
Travel and Related Services
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Version
1.0
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Category
E-commerce, Marketplaces & Retail
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Smugglers use travel agencies as a front to co-mingle illicit cash with legitimate customer payments.
- Large sums of money are deposited under the guise of travel bookings, inflating revenue figures to legitimize illegal proceeds.
- Facilitates booking multiple or circuitous trips for cash couriers, minimizing scrutiny by customs authorities.
- Last-minute travel or frequent itineraries to high-risk jurisdictions obscure travel patterns, aiding in evasion of AML controls.
- Junket operators coordinate international travel packages for high-value individuals, enabling bulk cash movement or off-record funds transport across borders.
- By mixing legitimate tourists with those carrying illicit proceeds, junket trips obscure links to money laundering, hindering meaningful oversight of fund origins and destinations.
- Criminals pose as legitimate travel businesses or agents, hiding illicit proceeds within bundled travel expenses and cross-border ticketing.
- Facilitates the physical movement of currency or valuables across jurisdictions under the cover of tourism or business travel.