Banking Technology “Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems. The shift will have consequences for London’s aspirations to become a global centre for RMB clearing and settlement.
According to Freddie McMahon, director of strategy & innovation at Anomaly42, a specialist in AML and terrorist financing, there is already evidence that criminals are moving their activities into other currencies.”
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