Illegal money in the international banking system has become a pressing issue for governments and the world’s financial institutions.

To take just a couple of recent examples, there’s the money-laundering scandals that have engulfed some of the biggest banks in the Nordics, while recent figures from the Home Office estimate that as much as £90 billion is laundered through the UK each year.

No wonder HMRC and the banks are stepping up their efforts to combat these illegal activities. The fallout has also led to tightened regulatory requirements in many areas, as well as the threat of very large fines for firms that are viewed as not having done enough to combat the issue.

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