RECESSION HAS HIT ANTI MONEY LAUNDERING RESOURCES WARN EXPERTS
September 1st, 2009
BY ALAN OSBORN
THE WORLDWIDE economic recession and its spate of financial scams, such as Madoff, Stanford and other variations of Ponzi-type schemes, have probably affected the level of global money laundering and the effectiveness of anti-money laundering (AML) systems quite significantly.
We say 'probably' because there is virtually no statistical evidence yet of whether money laundering has in fact gone up or down and still less any idea of the volumes involved. Figures released this summer by the US Treasury's lead AML agency, the Financial Crime ...
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