Anti-Financial Crime & Financial Crime Compliance
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Further damning evidence against trusts are possible in future data leaks, claims AML expert

By Dan Byrne for AMLi

Many of the most infamous data leaks of the last decade have exposed how vulnerable trusts can be to financial crime, and more of the same revelations are certainly expected in future, one expert has said.

Dr Gordon Hook, executive Secretary of the Asia Pacific Group in Money Laundering (APG), believes that a trust’s nature to straddle the border between business entity and a mere agreement means they are a popular channel for money launderers.

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