Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

aml, Banking, EU/Europe, Financial Crime, Financial Services

NEWS: Rise of underground banking linked to falling use of cash – study

FIU Netherlands logo

By PAUL O’DONOGHUE, Senior Correspondent

A recent rise in underground banking is likely connected to falling use of physical cash, a new study has said.

A new report from the Dutch Research and Documentation Center (WODC) found that underground banking has evolved into a “version 2.0” in recent years.

AML Intelligence
Subscribe now to have unlimited access

With our membership 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!