Money Launders are now 'so sophisticated'

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.