Anti-Money Laundering Failures
Frank discusses the vague requirements surrounding anti-money laundering programs and highlights a refinery's blatant failure to implement adequate measures. He illustrates how a series of suspicious transactions involving newly created companies should have raised red flags, emphasizing the importance of knowing your customer and asking the right questions. The conversation reveals that a lack of diligence can lead to serious legal repercussions, even if no actual money laundering occurs.In this clip
From this podcast
The Jordan Harbinger Show
450: Frank Maderal | The Dirty Money Behind Illicit Gold Smuggling
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