Increasingly, hunting money-launderers is automated
The business of providing the software is booming
KEEN, no doubt, to stay alive, drug traffickers tend to be prompter payers than most. For software firms, this is just one of many clues that may hint at the laundering of ill-gotten money. Anti-money-laundering (AML) software, as it is called, monitors financial transactions and produces lists of the people most likely to be transferring the proceeds of crime.
This article appeared in the Finance & economics section of the print edition under the headline “Washing whiter”
Finance & economics November 4th 2017
- As the global economy picks up, inflation is oddly quiescent
- Investors call the end of the government-bond bull market (again)
- Increasingly, hunting money-launderers is automated
- Jerome Powell is poised to be named chairman of the Fed
- Asian households binge on debt
- In Japan, the move from cash to plastic goes slowly
- October 30th marked the 70th birthday of the WTO’s precursor
- Catalonia and the perils of fiscal redistribution
From the November 4th 2017 edition
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Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job