MONEY LAUNDERING AND CORRUPTION LINKS HIGHLIGHT NEED FOR HOLISTIC FIGHT AGAINST FINANCIAL CRIME
March 1st, 2014
PERHAPS it all starts and ends with money laundering. It’s an arguable point whether corruption in the financial sector would exist if there was never any way of disguising criminally-acquired assets. But leading anti-corruption body Transparency International is clear on the matter, stating in a briefing note: “The facility to launder the proceeds of corruption gives rise to the commission of bribery and corruption offences in the first place.” How far, though, should those engaged as specialist anti-money laundering (AML) officers be involved in ...
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