This ‘naming and shaming’ technique motivated many different countries to take a stand against both money laundering and counter terrorist financing, while simultaneously drawing attention to the prevalence of these crimes in the international finance sector. Now, many banks and institutions are require...
exercises an account holder activity, meaning it receives deposits from its clients. These deposits are then placed with clearing institutions to ensure a satisfactory conclusion to the clients' operations. Its subsidiary MIA mainly specialises in matched principal operations, resulting in it having to ...