3rd May 2018 Money Launders are now 'so sophisticated' Share Money laundering is officially defined as the act of concealing the transformation of profits from illegal activities and corruption into ostensibly “legitimate” assets. So-named because the process of money laundering ‘cleans’ dirty money..Not only is money laundering a crime in itself, but it is an enabler of wider, much more serious criminal activity, with the National Risk Assessment (NRA) stating that there is ‘a marked overlap’ between money laundering and terrorist financing.Our Managing Director Martin Cheek highlights the sophistication of money laundering today, but also provides solutions for companies to save time and negate the risks.Click Here and see page 14 to read the full article. by SmartSearch See more articles by SmartSearch Share post See our other popular articles 18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch 14th Feb 2023 ‘Failure to prevent’ fraud, false accounting or money laundering could soon be a punishable offence by SmartSearch 2nd Feb 2023 SmartSearch COO named Technology Businesswoman of the Year at national award by SmartSearch See more
18th Apr 2024 Fighting FinCrime in financial services: optimising the balance between innovation and compliance by SmartSearch
14th Feb 2023 ‘Failure to prevent’ fraud, false accounting or money laundering could soon be a punishable offence by SmartSearch
2nd Feb 2023 SmartSearch COO named Technology Businesswoman of the Year at national award by SmartSearch