Re-thinking the ‘War on Dirty Money,’ with Tristram Hicks
Financial Crime Matters
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The Cost of AML Compliance
The push has been to put this cost on the private sector, deputize the private sector. It doesn't necessarily result in prosecutions or asset seizures from law enforcement. The United Nations didn't say money laundering is integral to all crime where money is the motive. So because they didn't tell countries, it arrived to lawyers as an extra crime. They created 200 different definitions of money laundering which means that international cooperation between jurisdictions is really hard.
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