1 / 1

Andrewporzes - Business Executives Services

Andrew (Andy) Prozes is a business executive with a track record of effective leadership. He has founded, grown and led small and large organizations to generate above market growth and profits.

andrewprozes
Télécharger la présentation

Andrewporzes - Business Executives Services

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ANDREWPROZES Global Cooperation to End Money Laundering Throughout the globe, a variety of corrupt, illegal and predatory organizations, including terrorism, human trafficking and drug cartels, have utilized a variety of laundering methods to fund their operations and conduct their illegal activity. While the total amount of money laundered each year is impossible to calculate, the International Monetary Fund estimates that the figure is in the neighborhood of two to five percent of global GDP. Not only does money laundering perpetuate and harbor illegal activity, it threatens the integrity of the entire global financial system. With the proliferation of currencies, banks and international finance organizations, tracking money laundering activity can be extremely difficult. To combat this growing epidemic requires international financial standards as well as cooperation and sharing of information between financial institutions and global law enforcement. The first collaborative measure taken to confront money laundering and the financing of terrorism took place after the G-7 Summit, during which the members created the Financial Action Task Force (FATF). FATF has developed and continually updates standards and recommendations for the international community and its 36 country members. FATF has been joined by dozens of other international political, financial and law enforcement organizations including the United Nations, International Monetary Fund, European Central Bank, Interpol and the World Bank. Without this global cooperation, the strides made over the last few decades would not have been possible. It is vital that all organizations work together to share information, best practices and resources as illegal organizations become more sophisticated in deceiving governments and international organizations, particularly through the use of technology. Illegal organizations are diligent and persistent adversaries that are always looking for new ways and technologies to move money through digital means, new counterfeiting methods or new opportunities to exploit novel currencies like BitCoin. A truly international effort will make great strides in stopping money laundering and helping to put an end to human trafficking, proliferation of drugs and terrorism. Andrewprozes | http://andrewprozes.com

More Related