Money laundering is the process of making illegally obtained money appear legal. These funds may be used by drug cartels or to fund terrorist activity. The U.S. has instituted strict regulations against money laundering and billions of dollars in fines have been levied against financial institutions that have failed to comply. Sven Stumbauer offers guidelines to help companies abide by the regulations and be more aware of the potential for illegal activity.
July 25, 2017