What’s wrong with AML?
Moody’s Talks: KYC Decoded
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The Future of Transaction Monitoring
I apologize to people who have asked this to people who are very critical of banks. I'm like, how could you not know who you're dealing with? If somebody walked up to you and offered twice the value of your home, but you didn't know where the money was coming from, would you take that money? That's what banks have to face every single day. And they're supposed to detect whether it's good money or bad money. The only way that fraudsters and other people will be able to stay ahead is to keep moving the money.
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