Global lenders have recently come under fire for their lack of anti-money laundering efforts, with the news that more than $2 trillion has been transferred in suspected funds within the last two decades.
Money laundering is the act of hiding money that has been obtained illegally and passing it through various and often complex system of bank accounts and transactions, so that it become ‘clean’.
Often laundered money originates from criminal activity, allowing criminals to fund and further their operations. …
