MoneyLaundering.com Quotes David Lorello on Anti-Money Laundering Laws

MoneyLaundering.com quoted David Lorello in an article titled "Expected UK Anti-Bribery Law Will Increase Compliance Costs for US Financial Institutions." Mr. Lorello was quoted on the US Foreign Corrupt Practices Act and UK anti-money laundering laws. In addition to his analysis on these laws, the publication attributed the following quote to Mr. Lorello: "Banks could find themselves facing a heightened enforcement risk because UK anti-money laundering laws include broad reporting and disclosure requirements for banks.”

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