AML Basics

If you are new to the AML area, you should start here…

The economic turmoil and financial crises of 2008 fueled a surge in financial fraud. The International Monetary Fund (IMF) estimates that money laundering amounts to somewhere between hundreds of billions of dollars to more than a trillion dollars per year, or two to five percent of the world’s Gross...
Why do people need more money? This is because, the modern lifestyle believes in achieving luxurious living conditions and the way towards such achievements is relatively complicated. When such goals ensue, people become more and more desperate for money and this becomes the driving force behind the modern society. Therefore,...