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BAE Systems lifts the lid on how dirty money moves

how dirty money moves
Report launched to help the industry combat global money laundering
BAE Systems’ new report discusses how laundered money now represents between two and five per cent of the global Gross Domestic Product - equivalent to the fifth largest economy in the world. Money laundering funds criminal activity and is growing and evolving at a faster pace than many organisations can detect and prevent.  
The report, titled How Dirty Money Moves: What you can do to fight the latest evolution of money laundering, serves to provide an analysis and benchmark of the current critical situation. It also proposes remedies and suggests how all those involved in the fight against money laundering can work together towards a positive outcome.
To launch the report, BAE Systems is joined in London this week by Robert Mazur.  Robert is one of the world’s leading authorities on money laundering techniques and a former U.S. Federal Agent, he will help shed light on the issue and talk about his view on the future of anti-money laundering (AML).
Speaking at the BAE Systems Business Defence forum in London Robert Mazur said:
“I feel a sense that within the AML, law enforcement and regulatory world individual accountability and responsibility is on its way to becoming a priority. This has been, in my opinion, missing in too many strategies that have addressed banks that have admitted criminal offences in connection with the movement of illicit funds.”
George Robbins, VP EMEA, Commercial Solutions at BAE Systems Applied Intelligence, said:
“We are currently living in an extremely uncertain socio-political situation. We can no longer predict the future evolution of financial regulation and compliance and, as a result, cybercrime and money laundering are growing at a rapid pace.
“Criminals are diversifying their tactics through peer-to-peer lending, casino gambling, real estate, fake invoicing – the list goes on. In doing so they can spread their risk and avoid the area under most scrutiny: banks. It’s time for the other ‘gatekeepers’ to the financial industry to start to combat these fraudsters too.”
For further information, please contact:
Nick Haigh, BAE Systems
M: 07525 3909782
Issued by:
BAE Systems plc
Tel: +44 (0) 1252 384719

Ref: 146/2016.
Notes for Editors
About BAE Systems
At BAE Systems, we provide some of the world’s most advanced, technology-led defence, aerospace and security solutions and employ a skilled workforce of some 83,400 people in over 40 countries. Working with customers and local partners, we develop, engineer, manufacture and support products and systems to deliver military capability, protect national security and people and keep critical information and infrastructure secure.
At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations.
We do this using our unique set of solutions, systems, experience and processes - often collecting and analysing huge volumes of data. These, combined with our Cyber Special forces - some of the most skilled people in the world, enable us to defend against cyber-attacks, fraud and financial crime, enable intelligence-led policing and solve complex data problems.
We employ over 4,200 people across 18 countries in the Americas, APAC, UK and EMEA. For further information about BAE Systems Applied Intelligence, please visit