What are Corporate Credit Cards? – Different Types of Cards
February 12, 2025
Financial planning is often confused with investment planning. Although investment planning is a major part of financial planning, it does not encompass the entire concept. There are several more components to financial planning as well. In this article, we will have a closer look at the various components of a financial plan. Budgeting: A lot […]
Cryptocurrencies are just like other financial assets. This means that they can also be bought and sold in financial markets. However, since they cannot be listed on regular financial markets, special markets have been created for trading them. These markets can be of two types viz. centralized and decentralized. In the previous article, we have […]
The main criticism of the Barnewall model was that it only classified investors into two types. This created an oversimplification. Practitioners of behavioral finance wanted the classification to be more accurate and inclusive. This is the reason why they started creating another psychographic model. This model is called the Bielard, Biel, and Kaiser model, i.e., […]
The untrained investor uses profit and profit margin interchangeably. This is not technically correct. The difference may be minor but it is vital. This article will explain about profit margins in detail. Profit vs. Profit Margins Profit and profitability are two different things. Although they may be closely related, they have a subtle difference. Profit […]
Amazon and FedEx have traditionally had a love-hate relationship. On the one hand, Amazon is one of the biggest customers of FedEx, whereas, on the other hand, it is also one of their biggest competitors. Amazon has already made its intentions clear. In the long run, they do not want to be associated with FedEx, […]
In the previous article, we have already seen how commercial banks inadvertently help anti-social elements in laundering money.
We have also seen why commercial banks are preferred by anti-social elements when it comes to laundering money. We know that commercial banks have already put in place a lot of processes to stop this money laundering activity.
However, it can be said that the banks have had limited success with this endeavor. This is because of the several roadblocks and challenges that they are facing in the process.
In this article, we will have a closer look at the various anti-money laundering activities which are taking place at commercial banks in the present as well as how these activities are likely to change in the future as well.
There anti-money laundering activities undertaken by commercial banks are not fully successful because there are several issues associated with it. Some of these issues have been listed below:
From the above points, it is quite clear that anti-money laundering activities need to be improved across the commercial banking system. The exact changes are likely to be high-tech and complicated. However, the changes are likely to follow these guidelines.
The bottom line is that commercial banks are not fully equipped to deal with money laundering as of today. In the future, they will have to spend considerable resources in order to build a better system that can detect and prevent money laundering.
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