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Money Laundering is the process of making illicit funds appear to be legitimate, via a series of transactions designed to Place, Layer and Integrate those funds in/through the legal financial system – or using the same system to make legitimate funds ‘disappear’ for tax-evasion purposes.

The criminal elements who engage in these types of activities are unendingly inventive, and even if you think your company isn’t suited to abuse for AML purposes, you’ll likely be surprised to find out that you’re wrong.

Under current Anti-Money Laundering regulations, your company can be liable for fines and judgments by the federal government, merely for failing to exercise an acceptable level of diligence in mitigating those risks.

Several of Nummarius’ associates have extensive experience in AML operations, from ground-floor assessment to creating the Gold-Standard best-practices, in both systems and methodology, for one of the world’s largest Banking Corporations .  Nummarius maintains the industry/regulatory contacts necessary to stay ahead of the curve which proactively can assist in protection of an institution.