DESPITE PROGRESS, GLOBAL ANTI-MONEY LAUNDERING EFFORTS STILL CONTAIN SIGNIFICANT GAPS
August 1st, 2012
BY ALAN OSBORN
THE WORLD has been fighting money laundering in more or less the same way for a quarter of a century now and many of those in the thick of the battle are starting to wonder, frankly, whether the game is worth the candle any more.
Consider this: "We've had the anti-money laundering (AML) system for roughly 20 years - and on a global basis for more like 10 years - and to me, there's really no evidence of a significant drop in predicate crimes, even in those countries that have spent a lot of public money and forced the private sector to spend ...
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