The role of banks in anti-money laundering law

The primary aim of every business organization is to maximize shareholders value through an increase in profitability. This core business objective is often in conflict with the need to ensure compliance with applicable rules and regulations that govern business operations. Often, whenever there is a conflict between the core business objectives (profit) and the need to comply with certain regulations or law such conflict is often resolved in favour of the business unit by the alter ego of the entities. In other words, the interest of the business is rated...The post The role of banks in anti-money laundering law appeared first on New Telegraph Newspapers.
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