Juan Carlos Argeñal

24%
Flag icon
According to a recent University of Chicago report, in their “generous” assessment they estimated that only 0.2% of money that is laundered is successfully seized. That means for every dollar caught by AML regulation today, $499 is still successfully laundered. We’re spending globally $50–100 billion each year for a 0.2% success rate in AML.
Bank 4.0: Banking Everywhere, Never at a Bank
Rate this book
Clear rating