Graph technology has the power to uncover questionable links through hidden patterns, argues Neo4j’s Emil Eifrem
More than £90bn is estimated to be laundered illegally through the UK each year, according to the all-party parliamentary committee scrutinising the home office. No wonder HMRC and the banks are stepping up their efforts to combat these illegal activities with tightened regulation and the threat of very large fines for firms that are not addressing the issue, plus government ministers are drawing up legislation to establish the Draft Registration of Overseas Entities Bill, which aims to stop foreign criminals using the property market to launder money.There’s the money-laundering scandals that have engulfed Europe,especially in the Nordics.
Keywords: anti-money laundering • banking • Banking Fraud • money laundering