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Global money-laundering problem still dwarfs crackdown efforts despite some momentum

Published on: 25 August 2021
Published by: MLex
  • Global money-laundering problem still dwarfs crackdown efforts despite some momentum

Article summary

MLex: While news this week that global money laundering fines in the first half of 2021 hit almost US$1bn sounds impressive, that conclusion would be misleading. The total is made up of several huge fines and a scattering of tiny ones, which is evidence of continued patchy enforcement in many parts of the world. Efforts to stamp out dirty money flows involving financial institutions have a long way to go. or take a trial to read the full analysis.

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