Balancing risk mitigation, financial inclusion in money laundering

By Sandra Fungai Kabaya  (August 10, 2023, 9:52 AM EDT) -- Money laundering is a global challenge that poses significant threats to financial systems, economies and societies at large. Financial institutions, regulators and governments have implemented various measures to combat money laundering effectively. However, it is crucial to strike a balance between risk mitigation practices and ensuring financial inclusion. This article explores the challenges and opportunities associated with balancing risk mitigation and financial inclusion in the fight against money laundering....