THE AML CHALLENGE CONTINUES UNABATED… As this blog has repeatedly catalogued over the last year here[1], here[2] and here[3], Money Laundering is a massive global headache and one of the biggest…
Tag:
Financial Crime
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According to the US treasury – “Money laundering is the process of making illegally-gained proceeds (i.e. “dirty money”) appear legal (i.e. “clean”). Typically, it involves three steps: placement, layering and…
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Big data technologies led by Apache Hadoop can help financial services firms comply with a myriad of regulations, including US Anti-Money Laundering (AML) laws and requirements. In 2015, it goes…