8 Effective Ways to Prevent Money Laundering in Banks
Money laundering is a grave threat to the reputation and integrity of the financial sector. However, numerous financial institutions, particularly banks, are often on the front lines of such fraudulent...
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Millions are spent annually on Know Your Customer (KYC) and anti-money laundering (AML) procedures as businesses strive to confirm identities and fight money laundering.
What is Money Laundering? Understanding the Process
Money laundering is the act of processing illicit money , which is generated by any illegal or criminal activity i.e (drugs trafficking, terrorist funds, embezzlement,
Financial institutions are under the lens of regulators
Financial institutions are under the lens of regulators, and that scrutiny looks like it will only continue to grow. In fact, financial institutions that lack compliance