Banks will always be needed, but management accountants should also now focus on TBML
There will always be a need for the banks and other institutions to focus on the risks of money laundering, but increasingly there is a recognition that organised crime and other money launderers are looking for other means to launder their funds according to a podcast posted on the Financial Management (FM) news portal.
The Management accountants versus money laundering podcast says money launderers are looking increasingly at trade-based techniques, and management accountants should increasingly play at the frontlines of money laundering risk.
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