CURRENT STATE OF ANTI-MONEY LAUNDERING INTERNATIONAL INITIATIVES
It is surprising to consider that roughly 2% of global GDP is laundered annually, amounting to between $800B – $2T. Banks spend around $8B annually combating Money Laundering activities but affect only 0.1% of criminal finance. KYC 360 wrote about this AML problem recently and this blog highlights their findings and commentary. In their findings … Read more CURRENT STATE OF ANTI-MONEY LAUNDERING INTERNATIONAL INITIATIVES