The war against money-laundering is being lost
The Economist, 12 April 2021
The global system for financial crime is hugely expensive and largely ineffective.
YET ANOTHER bank is preparing to face the music over alleged failings in its efforts to curb flows of dirty money. In the coming weeks NatWest, one of Britain’s largest lenders, is set to appear in court in London to respond to charges that it failed to properly scrutinise a gold-dealing client that deposited £365m ($502m) with the bank—£264m of it in cash. Continue reading “Article: The war against money-laundering is being lost”
