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2017 – the year that AML fines break through the £4 billion barrier globally?

The amount of money laundered by foreign criminals is estimated to be as high as £100 billion a year and unlawful tax avoidance costs UK taxpayers as much as £2.7 billion ($3.5 billion) in lost revenue, according to Transparency International. For financial institutions and payment companies, knowing who your customers are (KYC) is growing in [...]

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