Money laundering – a crime that is not victimless In a globalized world where modern technology allows the rapid flow of funds, fighting money laundering has never been a more important and urgent need. Trillions of dollars are laundered each year and these funds fuel serious organized crime activities such as drug trade, sexual exploitation, human trafficking, terrorism, etc. Money laundering is far from a victimless crime, and, moreover, it harms society in a more perfidious manner than other crimes. The Financial Action Task Force (“FATF”) is the leading global money laundering and terrorist financing “watchdog”. As a policy-making body, […]
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