What are Corporate Credit Cards? – Different Types of Cards
February 12, 2025
There is no shortage of education in the field of finance. There are various academicians who work tirelessly in the field of finance. Many theories have been developed, and many conjectures have been disproved. Every year thousands of people graduate with finance as their major. However, most of these people are trained in the field […]
Hedge funds are often looked upon as being unethical in their practices. This is partly because there is public outrage about the amount of money that some of the fund managers are able to earn as income even though they are supposedly causing systemic crisis. The fact that the names of hedge fund managers have […]
Many economists have argued that profit maximization has brought about many disparities among consumers and manufacturers. In case of perfect competition it may appear as a legitimate and a reward for efforts but in case of imperfect competition a firm’s prime objective should not be profit maximization. In olden times when there was not too […]
The sharing economy has been one of the major themes when it comes to start-up investing in the past decade. Investors and entrepreneurs have woken up to the idea that resources can be utilized in a much more optimal manner if they are shared between various people. The mega-success of the co-working business model is […]
Corporate America is flush with cash! Collectively, the Amazons’, Apples’ and other such publicly traded mega corporations account for close to $2 trillion in cash. This excessive hoarding of cash in unparalleled in financial history and hence has left a lot of economists flummoxed. In this article, we will try to understand why American corporations […]
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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