Protection from money laundering with minimum impact

Abstract

The ease of transferring vast sums of money around the globe using computer networks provides opportunities for corruption. To help combat international terrorism and drug trafficking, the legislation relating to money laundering has recently been strengthened and extended to new business sectors. In this article we will explore the elements of the legislation that have changed and look at what information professionals can do to ensure that their systems are compliant while minimizing the impact and hassle-factor for clients, prospects and staff.