Surge in Government Investigations Shows Money Laundering on the IncreaseJuly 21, 2014
Surge in Government Investigations Shows Money Laundering on the Increase; More Scrutiny of Overseas Accounts Means Additional Compliance Pressures
A recent surge in government investigations shows that many businesses -- including not just financial institutions but also casinos and dealers in "hard goods" such as jewelry, automobiles, boats and airplanes -- need to make sure they have money-laundering monitoring and compliance programs fully in place. Even the insurance and real estate industries are being looked at for money laundering, warns Sareena M. Sawhney, Director, Litigation and Corporate Financial Advisory Services Group at Marks Paneth LLP.
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