Growing AML raises privacy concerns: editorial
The challenge of AML continues to evolve, but banks need to beware of overreaching
This month, our latest special report looks at anti-money laundering (AML) precautions. But in fact it's become less and less meaningful to treat AML as an issue by itself, as the lines between money laundering, sanctions evasion, tax evasion and bribery are becoming increasingly blurred.
Concealing the origin of ill-gotten funds is probably as old as money itself – but the techniques for doing so continue to evolve. Increased complexity within the existing financial system provides one area for
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