Money laundering is a significant global problem, and it becomes increasingly complex each year. As criminals become more tech-savvy and globally connected, financial institutions face unprecedented challenges in maintaining effective anti-money laundering (AML) procedures. According to a Financial Times report, 2022 saw a 50% spike in financial penalties handed down to institutions for failing to combat financial […] The post What is ongoing AML monitoring and why you need it appeared first on Markaaz.

View Entire Post