Money laundering poses a grave risk to financial institutions and the broader economy, often tied to other illicit activities such as drug trafficking, fraud, and terrorism. The Anti-Money Laundering (AML) responsibilities of financial institutions have become essential in the fight against financial crime. However, as the tactics used by criminals evolve, so too must the […]

Money laundering is among the most rampant financial crimes practiced globally. It means the process by which the ‘berrst’ money, derived from criminal activities, is changed into what is otherwise known as ‘clean’ money, that is, money that can be seen to have originated from legal operations. This makes it possible for criminals to get […]