One of these methods is Cuckoo Smurfing. Cuckoo Smurfing, a special money laundering technique, is a method for money launderers to hide their transactions as legal international activities of non-doubtful bank customers.
The popularity of Forex Trading brought money laundering and terrorist financing risks. Since financial criminals use the money transfer and foreign exchange sector to carry out their illegal activities, the risks of AML in this sector have increased considerably.
Green Crime wildlife crime is an illegal global environmental crime. One of the most lucrative illegal activities, green crime usually involves the environment, biodiversity, or natural resources.
The article aims to examine the different methods that drug dealers employ to launder their illicit funds and the strategies that countries can adopt to combat the laundering of the Proceeds of Illicit Trafficking in Narcotic Drugs.
With a decision taken on 10 July 2020, the MEPs voted and put into effect the Commission’s Action Plan, an effective fight against money laundering and terrorist financing. This plan highlighted the changes needed to achieve an efficient EU framework.
Today, anti-money laundering compliance is vital for companies to combat financial crimes. AML regulators increase their audits and penalties year after year. Companies that fail AML compliance face severe negative effects.
Compliance officers or AML compliance officers face some challenges in anti-money laundering compliance processes. In this article, we will share some of the challenges faced by AML compliance officers.