🌐 The Future of AML: A Glimpse from 2024-2028 + AML Careers

GM! This is The Risk Radar. Your frontline intelligence agent, bringing you the latest intel from the AML and risk battlefront.

The Future of Anti-Money Laundering: A Glimpse from 2024-2028

Just dropped on ResearchAndMarkets.com, the "Global Anti-Money Laundering Systems Market: 2024-2028" report is the latest musread for anyone tangled in the financial, legal, or tech.

Quick Stats:

• The market is expected to jump from $28.7 billion in 2024 to $51.7 billion by 2028.

• We're looking at a whopping 81% growth in just four years!

What’s Cooking:

• Market Dynamics: This isn't just numbers. It’s about understanding how AML measures are morphing globally. The report slices through regional growth, regulatory landscapes, and the tech that’s reshaping how we fight financial crimes.

• Strategic Insights: The brains behind the report didn’t stop at "what" and "how." They're serving up strategic gold on "what next" with actionable insights tailored for the big guns in finance and law enforcement.

• Tech Talk: With digital dough flowing faster than ever, the report zooms in on next-gen tech that’s keeping the money trails clean, from blockchain bouncers to AI watchdogs.

• Leaderboard Lowdown: Who’s leading the charge in the AML market? This report ranks the top 16 vendors that are dominating the scene, making it a playbook for anyone playing in the big leagues.

Cool Tools Included:

• An Interactive Forecast Excel to play out what-if scenarios,

• A nifty Online Data Platform for the freshest stats with a user-friendly vibe,

• And detailed analyses in the Market Trends & Strategies and Competitor Leaderboard reports.

Whether you're a policymaker, tech provider, or financial juggernaut, this report is your guide through the AML wilderness. It marks paths to stay ahead of the curve in a world where keeping money clean is a bigger game than ever.

AML Careers:

• Morgan Stanley - Global Financial Crimes: Global KYC Advisory Officer

• BBVA - Sanctions Compliance Analyst

• Varo Bank - Financial Crimes Analyst

Pogo Problems: A Labyrinth of Laundering

The Philippines’ notorious Pogo scene—yes, the one famed for offshore gaming—is now starring in a whole new drama: money laundering.

Last March, a raid on a Pogo complex in Bamban, Tarlac, unveiled a mini-metropolis with 37 buildings, a mall, condos, and even Chinese signs. It's like a city within a city, totally cut off from local governance.

In a spicy TV spill, Sen. Sherwin Gatchalian revealed a jaw-dropping detail: about ₱6.1 billion splurged on constructing this empire with zero clues on the cash's origins. Even the bigwigs at the Anti-Money Laundering Council (AMLC) were left scratching their heads in an executive chat about where all that money came from and who the mystery builders were.

High Stakes and High Ranks

The AMLC isn't just any council. It's got the governor of the Bangko Sentral ng Pilipinas (BSP) leading the charge, flanked by top brass from the Securities and Exchange Commission and the Insurance Commission. They're tasked with keeping the country's financial system clean from money that's been through the criminal wash.

Yet, with all these powers to freeze accounts and scrutinize transactions, everyone's stumped about how ₱6.1 billion breezed through customs and got pumped into the Pogo construction without setting off alarms.

Pogo Mules and Missed Opportunities

You might think, "Did someone just walk through customs with a briefcase of cash?" Highly unlikely. More plausible? A crafty dance of deposits across various banks, staying just under the radar to avoid triggering mandatory reports to the AMLC.

Mission Misfire

Despite red flags waving since Pogos popped up in 2003 and got the official nod in 2016, these gaming giants (let’s be real, it’s gambling) have been flaunting their fortunes without much scrutiny.