Misuse of informal money-transfer networks is growing worldwide, global watchdog says

Misuse of informal money-transfer networks is growing worldwide, global watchdog says

Criminal use of ​informal banking networks has become ​a global problem ‌and is ​growing, the Financial Action Task Force said on Thursday, urging companies and governments to ‌do more to combat professional money-laundering services.

Here's what the global money laundering and terrorist financing watchdog FATF said in a report:

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