SA loses between $10bn and $25bn a year to illegal activity

Why fighting money laundering is vitally important

26 February 2021 - 07:22

By Sumit Kumar Sharma

Anti-money laundering (AML) compliance should not merely be a tick-box exercise for financial institutions, as it not only exposes the organisation to the risk of hefty non-compliance penalties and reputational damage, but could also lead to criminal activity going undetected.

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