Micro Money Laundering Latest Financial Crime Trends
Micro-money laundering has made it even more challenging to identify the fraudulent transactions carried out in small amounts several times. Governments worldwide have implemented stricter rules and regulations for AML compliance. There’s also increased awareness on the part of the financial institutions as they are being urged by compliance authorities to follow the AML rules and regulations. The government is monitoring traditional financial transactions. But the criminals are now adopting new ways to launder money. With the advent of technology