Money Laundering

Banks are spending $20 billion on compliance in an effort to combat money laundering, yet only one% of illicit financial flows are seized by authorities every year. While regulations have been introduced to crack-down on money laundering,…

Gordon Dadds, the legal and professional services firm, is urging businesses to get smarter in how they handle money laundering or face the wrath of HMRC with some hefty financial fines. It warns that the digitalisation of cash has led to…