A plan to inhibit significant money laundering offences through improved enhanced due diligence

Compliance programs and law enforcement investigations that target money laundering are built on knowledge of the parties involved - customers, their beneficial owners and intermediaries. The requirement to collect data on those who utilise financial services has long applied but is variously interpreted and case law almost always references due diligence breaches: with this in mind, Robert Mazur has a pragmatic proposal for deterring criminals at onboarding and aiding their pursuit should they manage to open accounts.

Robert Mazur (www.robertmazur.com), a federal agent for 27 years, is a court-certified expert in money laundering-related matters in both the U.S. and Canada. He is the New York Times bestselling author of "The Infiltrator," a memoir about the first half of his life undercover as a money launderer within Pablo Escobar's Medellin Cartel, and was an executive producer of the film by the same name. His new book, "The Betrayal," is a memoir about his final undercover assignment, a deep dive into Colombia's Cali Cartel and Panama's underworld that nearly cost him his life. He is president of KYC Solutions, a company that provides speaking, training, consulting and expert witness services globally.

Compliance programs and law enforcement investigations that target money laundering are built on knowledge of the parties involved - customers, their beneficial owners and intermediaries. The requirement to collect data on those who utilise financial services has long applied but is variously interpreted and case law almost always references due diligence breaches: with this in mind, Robert Mazur has a pragmatic proposal for deterring criminals at onboarding and aiding their pursuit should they manage to open accounts.