Money laundering is a matter of serious concern in most countries of the world. Its strong link with drug-related activity and terrorist violence make it a potent combination. Funding is the lifeblood of such activities, because none of this can happen without sound financing. As perpetrators assail every loophole in the financial system to transfer funds illegally for abetting such acts, the banking system cannot hope to contain these nefarious activities unless it wakes up and adapts modern methods. Most banks have implemented software which throws up red flags whenever there are unusual or suspicious transaction patterns. However, this is not sufficient, as perpetrators are aware of this and outsmart the system. It is all about who outmaneuvers the other. Anti-money Laundering (AML) and Bank Secrecy Act (BSA) are two of the recent regulations aimed at containing money laundering. How should banks and financial institutions implement these regulations? A webinar from...