Anti-Financial Crime & Financial Crime Compliance
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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.

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