E38: How do we move from ‘1%’ to greater AML efficiency?

<p>Billions are invested in KYC, but only 1% of money laundering is stopped. So why is that?</p><br><p>This week we have AML expert Louise Brown from Financial Compliance Group (FCG) in the studio to discuss this question and the following exciting topics:</p><br><p>– The extensive and recent money laundering scandal in Sweden, where 34 out of 43 exchange offices were linked to direct criminal activities, and it emerged that one single foreign exchange office in Stockholm had laundered millions in drug money and transferred funds to terrorist organizations.</p><br><p>– How criminals misuse the system and oper...