Money Laundering and AML Compliance

Re:Money Laundering and AML Compliance by csomar on Friday February 10, 2023 @07:08PM (#34747896)

I don’t think the US financial system is anything close to clean but they might be strictly hostile to Russians and the government/regulators will not tolerate that.

That boils down to US conflict with Russia. Europe didn’t have a beef in this until the Ukraine invasion.

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Re:Money Laundering and AML Compliance by pyuser583 on Friday February 10, 2023 @09:37PM (#34749013)

Read Kleptopia. It’s written by a British author and mostly about the British financial/legal system.

I’m not sure how much of it is current in light of the sanctions. The big example it uses (90% of the book) is Khazakhstan.

From what I’ve read more recently, many rich/middle class folks in Latin America are moving to the US. If they’re businesses so much as look at drug money, and then we much as look at an American bank, they can wind up in a US prison for a long time.

So they just move to America to get away from drug gangs.

The US does not f*ck around with criminal financing.

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