GOING AFTER THE ML PROS
September 30th, 2022
Professional money launderers are exceedingly hard to catch, and - if convicted - are invariably replaced by other pros waiting in the wings. What more can be done to go after professional launderers?
Going by the estimates of the global scale of money laundering, and the low seizure rates - by some accounts 1%, by others (such as New Zealand AML specialist Ron Pol) less than 0.1% - efforts to curb the amounts of dirty money sloshing around the financial system are proving ineffective. (1)
This is particularly apparent when it comes to investigating, charging ...
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