The 9 Fintech Challenges for Anti-money Laundering

Money laundering is a significant threat to the good functioning of financial systems. Yet there are still little measurable signs of progress in countering money laundering. AML legislation showed to be the least effective of any anti-crime measure. Law enforcement, policymakers, and the media can get so distracted by the immediacy of criminal behavior that it is easy to forget the aim of these illegal activities is not the crime itself, but the proceeds of crime. In this, total failure for AML enforcement is behind the corner.