By Santiago A. Cueto

international money laundering, anti money laundering compliance, how to avoid money laundering, international anti money laundering compliance
Our firm is currently assisting in the prosecution of an international white collar crime matter. The allegations read like a James Bond novel and are so outlandish that film rights are being discussed.
Like I said, this is interesting stuff.
The thrust of the case centers on an international financial  institution  that uncovered a would-be depositor’s scheme to launder money through a network of international banks.
While the case covers jurisdictions around the world, it speaks volumes of  how successful the United State’s aggressive anti-money laundering policies have been.
This is just one of many recent cases that demonstrate why  your international business must have an effective anti-money laundering (AML) compliance policy in place.  And if yours does not, I strongly urge your company to put one together as soon as possible.
 For anyone wanting to learn more about ALM, I recommend the  International Compliance Association and the excellent AML conferences organized by Academy Finance.
I chose to include the infographic below because it does such a great job of capturing the money laundering fundamentals: