Detailed analysis on anti-money laundering initiatives across the UK and the US blows apart the myth that they are the leaders in regulation, with the Swiss model shining through
The perception of the US and the UK as leaders in anti-money laundering regulation is so deep-rooted, it is taken for granted - but is it true? An odd question one might think, but a question worth asking. After all, the Abacha affair left a scratch in the image of the UK, and the effectiveness of the US-regulation has been questioned after a wider public noticed that long-established international anti-money laundering recommendations were included in the Patriot Act as a result of 11 September 2001 only. Scepticism has deepened after a detailed analysis carried out for the British gover...
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