26 October 2014
Billion dollar fines in the banking industry have brought the issue of money laundering into sharp focus
The continued efforts of criminal and terrorist organisations to channel funds through the legitimate finance system means that robust anti-money laundering systems are vital. Organisations that have to meet government regulations on money laundering must keep their anti-money laundering (AML) and counter terrorist financing (CTF) programmes relevant, or face stiff penalties.
The goal of money launderers is to sneak their capital into the world’s legitimate banking systems with as limited...