Legal

Hidden Relationships and Networks: Financial Institutions at Risk

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Executive Summary

Protecting a financial institution, its employees, customers, and assets would have been much easier if criminals were identifiable by behavior and activities. However, financial criminals and money launderers do not behave in established, predictable patterns. They use every method possible to evade detection, and where no methods exist, they create new ones. Nowhere is this more true than in the world of money laundering, where highly trained, well-equipped teams manage the funds for organized crime, drug cartels, and terrorist groups. In an attempt to evade detection, money launderers often layer funds through a series of financial transactions or physical movements that conceal the origin of the illicit funds.

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