Corruption exists despite efforts by national and international controlling bodies (including central banks, agencies, OECD conventions, and the IMF). Corruption results in poverty, greed, unemployment, weak institutions, and non-enforcement of law. According to Global Witness Organization1 corrupt business people, government officials, dictators, warlords, and other criminals always need a bank to hide and lander their looted money. Consequently, banks and other financial institutions play a key role in hiding illegal money. Banks’ poor corporate governance
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