AML
The attacks in Paris and subsequent events have horrified any right-minded person. The slaughter of innocent civilians sickened the world and the outpouring of support for the city of Paris; the country of France and the French people has been universal. One of the things that I thought about in the aftermath is the intersection of corruption and terrorism. The EU open border policy and its banks notoriously lax money laundering regimes and enforcement could certainly have contributed to some of the underlying factors leading to the attack. I am sure there will be aggressive and robust responses from governments across the globe involving new and beefed up anti-money laundering (AML) laws. This is something the anti-corruption compliance practitioner and all US companies need to prepare for in the days and weeks to come, largely in response to the attacks in Paris.
The attacks in Paris and subsequent events have horrified any right-minded person. The slaughter of innocent civilians sickened the world and the outpouring of support for the city of Paris; the country of France and the French people has been universal. One of the things that I thought about in the aftermath is the intersection of corruption and terrorism. The EU open border policy and its banks notoriously lax money laundering regimes and enforcement could certainly have contributed to some of the underlying factors leading to the attack. I am sure there will be aggressive and robust responses from governments across the globe involving new and beefed up anti-money laundering (AML) laws. This is something the anti-corruption compliance practitioner and all US companies need to prepare for in the days and weeks to come, largely in response to the attacks in Paris.
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