Compliance & Anti-Financial Crime
Leadership | Insight | Network

Compliance News, EU/Europe, Featured Article, Technology

ANALYSIS: The ‘Parallel Underground’: a world of illegal service providers that enable money laundering across multiple channels

Laws and directives may help in closing many financial avenues to criminals, but they don’t solve the money laundering problem completely – at least according to Europol.

The latest in the agency’s series of four-year reports documenting organised crime in the EU has warned that criminals are moving underground, using below-board services in a world quite detached from that of legitimate business.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!