Financial Crime Financial Crime

US banks uncertain about dealing with money laundering, fraud risks with Covid-19 PPP funds, attorney says

By Robert Thomason
  • 25 Sep 2020 16:31
  • 25 Sep 2020 16:31
Banks are facing uncertainty about how to monitor US Paycheck Protection Program Covid-19 relief funds for fraud and money laundering in the face of regulatory scrutiny of the use of those funds, a banking attorney said.
"Where we are seeing a good bit of uncertainty is how much and how

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