Digging Out Dirty Money
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Regulators in Europe, while not specifying the hunt for hidden relationships, urge financial institutions to look for patterns of activity between these seemingly unrelated accounts. In its Forty Recommendations, the Financial Action Task Force on Money Laundering (FATF) states, "Financial institutions should pay special attention to all complex, unusual large transactions, and all unusual patterns of transactions, which have no apparent economic or visible lawful purpose." Hidden relationships
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