MONEY LAUNDERING IS MASSIVE PROFIT TO ALL BANKS | MONTE FRIESNER BREAKING NEWS |
CAN YOU REALLY STAMP OUT MONEY LAUNDERING AT YOUR BANK?
Last week, an interviewer asked me whether it was really possible to eradicate money laundering. We will never stop the most innovative money launderers from practising their dark craft, but you can virtually banish money laundering from the bank where you work. Unfortunately, banks do not assemble the necessary human resource tools to get the job done.
Here is my formula for unqualified anti-money laundering success. You compliance "Flying Squad" team must include at least one individual with these qualifications :
(1) A former or retired law enforcement detective or investigator who formerly specialised in white collar crime. Federal or national experience is preferred. You may already have such a person, if you have a Financial Intelligence Officer on board.
This team would take all the Suspicious Activity Reports, bank officer queries, and information received by bank staff that appears to be inconsistent with the customer's trade or business, and provide real-time identification, and interdiction, of active money laundering at your bank. You need to be proactive if you are serious about money laundering suppression; think about it.
WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces who have contributed to the many articles and their sincere opinions and statements.
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