Why You Need to Learn About Anti-Money Laundering

Lets face itwe live in a world where money laundering is getting rampant. Many syndicates are using seemingly legitimate transactions and a variety of monetary instruments to make their money real. With that in mind, it is of utmost importance that we know about our anti-money laundering laws in the country and learn to protect ourselves from getting victimized.

The US has a slew of laws with regards to money laundering. It has released some preventive regulatory measures such as the Bank Secrecy Act, wherein financial institutions are required to report some of their transactions to the United States Treasury. … Read the rest