UNDERCOVER AML AND CLOSER POLICE/FINANCIAL INSTITUTION CAN DISRUPT ML, SAY EXPERTS
March 24th, 2022
To go after the money launderers, should law enforcement efforts be more oriented towards intervention in laundering networks to disrupt the movement and hiding of dirty money? Many AML specialists say yes – absolutely.
There is so much money to target.
FATF has been operating since 1989, yet financial crime is estimated by the UN Office on Drugs and Crime to generate proceeds exceeding USD2 trillion worldwide annually. (1) According to the most recent detailed Europol's Asset Recovery Unit report on recovery rates of such proceeds (issued in 2015), ...
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