Money laundering is the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source.
Regulatory compliance is an essential function every organization needs to complete. Failure to do so could lead to severe legal penalties which include monetary fines and restitution to customers who have suffered a loss due to the organization failing to meet its compliance obligations.
Customers are an essential part of every firm. Therefore, the health and welfare of the staff, corporate associates, and the neighborhoods where firms work are highly important for all service providers. Firms should try very hard to ensure that their customers are happy, protected, and satisfied.