RE-INVENTING AML/CFT COMPLIANCE
In recent years, the ever-increasing Money Laundering / Terrorism Financing cases risks destroying the social value of our economy . Economic crime and nefarious activities such as corruption, terrorism, tax evasion, and drug and human trafficking, or simply by holding or transferring the funds necessary to commit these actions are all considered criminal wrongdoings. It can be detrimental to an organization’s reputation – and its bottom line.
Global money laundering transactions are estimated at 2 to 5% of global GDP, or roughly U.S. $1-2 trillion annually. Yet according to the United Nations Office on Drugs and Crime (UNODC), less than 1% of global illicit financial flows are currently seized by authorities.
As the business world is evolving rapidly, our company vision is to work in partnership with Financial Institutions to create a clean and safe compliance environment and to improve upon the overall effectiveness and efficiency of their current AML systems.