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ELECTRONIC MONEY INSTITUTIONS (EMIS) - ANALYSING MONEY LAUNDERING RISK IN E-PAYMENTS

07/07/2022

It has never been easier to manage money and make payments around the world. This is partly due to the rapid growth of the electronic money institutions (EMIs) sector, which offers customers personal and business accounts, global payment services and an alternative to the more traditional banks. These firms are becoming increasingly popular.

While most EMIs will be legitimate payment providers, there is a growing body of evidence that suggests they are open to abuse by those seeking to launder corrupt and other illicit funds through the global economy.

The following transparency report explores the risks associated with EMIs like these which operate in the UK, and calls for more proactive supervision of their activities than there has been to date.

https://www.transparency.org.uk/sites/default/files/pdf/publications/Together%20in%20Electric%20Schemes%20-%20Transparency%20International%20UK.pdf

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