Posted on Sun, 10/16/2011 – 11:41 in Finance
(CNS): Financial services industry institutions need to look out for a slew of new methods criminals are using to exploit the system and launder money, turning the proceeds of crime into clean money, according to Antiguan anti-money laundering specialist Kem Warner, from KAW Management Services. Facebook, on-line gaming, phone cards, pre-paid bank cards, football clubs and insurance premiums are just some of the avenues criminals use to launder their dirty cash and keep one step ahead of regulators and the law enforcement officials who are often too far behind the latest methods to stop them, the expert revealed during a conference last week…
Ref: here