Anti-Money Laundering - Improve the anti-money laundering prevention in manufacturing companies

Abstract

Money laundering is a worldwide phenomenon. Mainly in the finance industry it is a long-known issue and many guidelines and regulations have been implemented over the years by the governments, international organisations and the financial companies themselves. On the other side, the manufacturing industry is until today not having much experience with money laundering. However, due to steadily rising regulations in the financial industry, there is concern that as well the manufacturing company could face issues with money laundering activities.