Anti Money Laundering

By: Andrew Prozes  02/19/2016
Keywords: Financial Services, Anti-money Laundering, Credit Card Fraud Prevention

Money laundering facilitates a broad range of illegal activity throughout the world, including terrorism, human trafficking, fraud and illegal drugs, and threatens the integrity of the entire global financial system. To make illegal sources of money appear legitimate, offenders launder their funds through intermediaries so as not to raise the suspicion of banks and other financial institutions. The International Monetary Fund estimates that 2 to 5 percent of worldwide GDP is laundered each year. International organizations, corporations and governments are working to combat money laundering and bring those responsible to justice, but there is much more that can be done.

Keywords: Anti-money Laundering, Credit Card Fraud Prevention, Financial Services