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Anti-Money Laundering Trends: Emerging Issues and Best Practices
Money laundering stands out as an ever-evolving landscape of financial crimes that governments, financial institutions, and businesses worldwide deal with. Considering the fact that illicit actors make adjustments to technologies to exploit further advancements, efforts against money laundering require an innovative and deeper understanding of emerging trends in the field. This blog discovers the latest anti-money laundering trends, key AML strategies for combating them, and the challenges expected ahead.
New Issues in Money Laundering
1. Crypto currencies and Block-chain Technologies
Crypto currencies have increasingly been popular, providing anonymity as well as decentralization. The transparency of block-chain is a double-edged sword; its pernicious effect has been criminals' increasingly employing digital assets for money laundering across borders.
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