Money laundering has evolved into a sophisticated, high-tech practice of unprecedented scale. Complex cross-border financial and communication systems, disparate laws and regulations, and increasingly sophisticated money laundering schemes all contribute to the challenges posed by money laundering.
It has never been more important for business executives in all industries to take stock of the risk to which money laundering exposes them. Executives for any company with operations in the United States must understand the new policies, regulations, and major anti-money laundering technologies to formulate a successful compliance strategy.
This insightful document provides an overview of the USA PATRIOT Act, the global initiatives underway to curb money-laundering activities and the channels, inside and outside the financial system, being used for laundering money.
The report also examines the technologies currently being used and the technological challenges that must be faced in order to assure compliance now and in the future.
Included in the publication is an interview with William Langford, Senior Counsel for Financial Crimes in the U.S. Treasury Department who provides his perspectives on issues raised by anti-money laundering efforts including risk assessment, privacy concerns, and global coordination while reflecting on the future of anti-money laundering efforts and the vital role technology will play in them.
To obtain printed copies, please contact your nearest
PwC office.
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