Recognising that, as an anti-money-laundering (AML) industry, we have collectively failed the public in disrupting dirty money is both embarrassing and costly. Change requires persistence and this can be disruptive, while a “head down, keep quiet” culture is often conducive to personal career growth and financial stability. Consequently, cover-ups are occurring
Behind the AML RegTech veil: The hidden human costs
Dr Mariola Marzouk and Dr Nicholas Gilmour conclude their series on the inadequacies of the AML RegTech industry.