COMPLEX FINANCIAL TRADES OFFER SOPHISTICATED MONEY LAUNDERERS MEANS TO HIDE DIRTY MONEY
March 1st, 2013
REGULATORS worldwide are waking up to anti-money laundering (AML) and combating the financing of terrorism financing (CFT) vulnerabilities posed by complex financial instruments such as futures, options, contracts-for-difference, depository receipts, and so on.Contemporary case studies are scarce, scant and usually sanitised for release into the public domain, for instance typologies published in recent years by: global AML/CFT body the Financial Action Task Force (FATF); the European Union’s (EU) FATF-style body Moneyval; the Asia/Pacific Group on Money ...
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