Navigating the challenges of money laundering for car dealers

By Sandra Fungai Kabaya ( December 10, 2024, 10:13 AM EST) -- The car dealership industry plays a vital role in the global economy, providing essential transportation options and contributing significantly to job creation. However, it is also a sector susceptible to exploitation by money launderers. With the rise of sophisticated criminal networks, car dealers must be aware of the unique challenges they face regarding money laundering and implement effective strategies to mitigate these risks. This article explores the specific challenges car dealers encounter in combating money laundering and offers insights into best practices for compliance and prevention....

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