Washing for a Price: Exposure of the Financial Services System

Abstract

The financial services industry is recognised as one of the prime participants in the worldwide battle against money laundering. However, this participation docs expose the industry and the whole financial services system to a number of problems and dangers. Many of these dangers are theoretical and have been expounded on a number of occasions. Discussion in this paper is at a more practical level to show some of the very real and difficult dilemmas which the financial industry has to grapple with on a day‐to‐day basis.

Citation

Hopton, D. (1999), "Washing for a Price: Exposure of the Financial Services System", Journal of Money Laundering Control, Vol. 3 No. 2, pp. 113-114. https://doi.org/10.1108/eb027219