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Danger electronic money institutions a ‘major gateway’ for dirty money; industry may become ‘new frontier’ for money laundering -Transparency International

By Elizabeth Hearst for AMLi

Global anti-corruption organisation, Transparency International, has warned that electronic money institutions could be a “major gateway” for dirty money. 

Researchers from Transparency International revealed that money laundering red flags had been identified at more than a third of UK-licensed e-money companies.

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