Only 1.1 per cent of laundered money recovered as authorities fight crime in isolation

Only 1.1 per cent of laundered money recovered as authorities fight crime in isolation

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Only 1.1 per cent of laundered money recovered as authorities fight crime in isolation

By Financial Times

A Financial Times’ Banking Risk and Regulation article reveals that financial authorities operating independently in anti-money laundering (AML) efforts are missing critical opportunities, with global recovery rates at just 1.1 per cent of laundered funds.

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