The bigger picture is less encouraging. Despite a cascade of rules, regulations and record-breaking fines, that spending — an additional 5 billion pounds ($7 billion) a year in the U.K. alone — has barely moved the needle. Gauging success in this area may not be an exact science, but if catching dirty money is a viable metric, it looks like little progress has been made.
via $7 Billion Hasn’t Moved The Needle on Financial Crime: Gadfly – The Washington Post.
