A report from ACAMS and the US Immigration & Customs Enforcement published a document described as a Comprehensive Educational Guide for Law Enforcement and Financial Crime Investigators. It describes organised retail crime as a low-risk, high-reward business line for transnational criminal organizations’ portfolios that presents a significant financial and public safety risk. While retailers and law enforcement partner to investigate such cases and provide education on the misconceptions and misunderstandings, it is clear there is a missing link in these partnerships, and that link is financial institutions. It says that criminal organizations need to launder the nearly $70 billion of illicit proceeds gained from such activities annually. These organisations are looking to launder their billions through the formal financial sector, unregulated payment processors, and online marketplaces.
https://www.acams.org/en/media/document/29436
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