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Emerging Anti-Money Laundering Risk For Non-Financial Institutions

Financier Worldwide

In this article, William Barry and Ann Sultan cover the risks faced by non-financial institutions amid recent global laundering scandals that revealed complex international webs of money transfers from unverified third parties. According to the authors, "reputational risk and the expense of increasingly involved and protracted AML investigations, outweigh the costs and time of performing due diligence on third-party payors."