Why money laundering matters


Bank Info Security

“It is easy to forget and/or never really truly understand why this is such an important issue if you only see anti-money laundering as a paperwork detail,” Sullivan says. “Just look at what is going on at the border currently; you have got the drug lords and their gangs who are absolutely running wild.”

And how do the drug lords finance their activity? Money laundering.

“I don’t mean to speak on some sort of moral high horse here, but there is much more to this AML stuff than just shuffling papers across a desk, and it is really not an issue of Big Brother looking over the average guy’s shoulder,” Sullivan says. “This stuff cuts to the very fabric of who we are as Americans and the future of our children and our country. And if we are able to put a damper on the means to commit and/or continue the various organized criminal activities, then that must be our combined focus to do.”

There are powerful forces in this country who profit mightily from laundered money and thus who do not want this flow of literal blood money to stop. This includes corrupt banks, dirty hedge funds, and no doubt plenty of politicians too.