Bank regulators need to publish much more information about whether banks are doing what’s required by law to stop money laundering, says a major international anti-corruption watchdog.

This would ensure that citizens and businesses can be confident corrupt individuals and organisations, criminals, or terrorists are not using the global banking system, Transparency International (TI) on Feb 15 2017 explained.

A new report from Transparency International shows that in countries hosting the world’s biggest banks, little data on anti-money laundering prevention and enforcement is published, or is if it is published, it is out-of-date.

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