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Tuesday, June 16, 2020

EU countries lose €15 billion in tax revenues to counterfeiting

Anti-money laundering service, SmartSearch details the new ways money laundering is taking place in the digital age 

With the rapid advancements in mobile technology and internet accessibility, people can engage with financial institutions 24/7. In fact, 64% (YouGov) of Brits use their smartphone for online banking. This is altering Britain into a cashless society, with a rise in demand for real-time payments and transfers, which means the opportunity for cyberattacks and money laundering is ever more prevalent.

How money laundering has changed in the digital age ...



EU auditors: Money laundering a global threat