The so-called “Troika Laundromat” fraud, uncovered after one of the largest banking information leaks ever, highlights the ever-growing importance for those within the regulated sector to implement robust customer due diligence (“CDD”) policies which are tailored to the specific money laundering risks posed by their customers.

https://www.bcl.com/the-troika-laundromat-fraud-exposing-the-weaknesses-in-uks-anti-money-laundering-regime/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original