TRADITIONAL MONEY LAUNDERING VS. MONEY LAUNDERING THROUGH PAYMENTS AND PAYMENTS PROCESSORS

Readers who were wondering why I will be focusing a lot of my attention on Money Laundering through Payments and Payments Processors in the coming months, it is an emerging problem where compliance officers are often lagging far behind their laundrymen adversaries, and for good reason. Traditional money laundering generally involves the movement of the Proceeds of Crime through the financial system, from an external position. Laundering through Payments is a horse of different color: laundrymen often have confederates or co-conspirators within the system, or even are inside the Payments industry itself. It is much more difficult for compliance officers without the specific training necessary to ferret out Payments laundering for that reason.

I hope that you will join me in learning how to interdict Payments laundrymen in real-time, to be presented through the SOLTESZ INSTITUTE, in the coming months. Details will appear here.