CASH STILL KING FOR MANY MONEY LAUNDERERS
February 1st, 2010
BY ALAN OSBORN
THE SMARTER the authorities become at tackling money laundering via wire transfers and other electronic methodologies, the greater the attraction of physical cash as a means of secretly moving illicit money - or so one would suppose. Commonsense dictates that such a money laundering trend is ongoing at the moment, but nobody can be quite sure about the extent or the cause of it, not even those at the very top of the AML sector.
Vincent Schmoll (NOTE - SPELLING IS CORRECT), principal administrator of the Financial Action Task Force (FATF), the ...
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