This article is presented as an example of effective anti-money laundering efforts in detection and investigation when there is cooperation between private and government sectors as well as a strong collaborative effort between various governments and internal departments. Mr. Chia-Jui (Mike) Lan, whose investigative work...

Money services businesses (MSB) — including money transmitters and foreign exchange providers — are at least a multi-trillion dollar industry, ranging from small, owner-operated businesses to sophisticated, global organizations. Compliance with anti-money laundering (AML) laws and regulations in this industry is perceived to be fractured...