Expert Talk Lessons from the Global Laundromat Investigation Part One

Expert Talk Lessons from the Global Laundromat Investigation Part One

Part one of a series of two - The Global Laundromat scandal has demonstrated that there is a lack of anti-money laundering acumen and insight at the leadership level in most financial centers. Until that deficiency is recognized, things are unlikely to improve. Rules-based regimes and de-risking have overtaken many international financial centers. Banks are not stopping money laundering; instead, they are stopping legitimate commerce.

 

Analysis: Lessons from the Global Laundromat investigation: part one