Banks are spending $20 billion on compliance in an effort to combat money laundering, yet only one per cent of illicit financial flows are seized by authorities every year. While regulations have been introduced to crack-down on money laundering, so far they have had a limited effect.
Since taking office in 2015, Argentina President Mauricio Macri has subjected the country to an economic “shock” therapy to try and jumpstart the economy. At first, the economic policy seemed as if it would result in a prompt change in government
On June 23, 2016, the United Kingdom (UK) held a referendum on whether to unwind its relationship with the European Union (EU). The UK populace chose “Brexit”. It was a clear vote against the status quo.