Search
  • Dilawar Arbab

Money Laundering Commissions Attract Poor Students

Organised crime seems to reach out to those most vulnerable. "Money Mules" are those that transport cash across borders for a commission. Those commissions are lucrative, especially for poor students navigating their way through Uni while paying off expensive foreign university fees. Organised crime organisations have no problem sacrificing hefty money laundering costs to get the job done under the radar of crime prevention units. We have been advised that 20 - 30% commission payments are common and go up to 50%.




1 view0 comments

Recent Posts

See All

AML non-compliance is non-acceptable.

On the 3rd of March, the DIA took action against a company that moved $53 million overseas yet had failed to report and keep records.

The FMA cracks down on AML non-compliance

From their releaste on the 13th of May: 10 formal AML/CFT warnings issued by FMA The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-