Gadhafi’s death raises serious concerns about money laundering and terrorist financing for financial institutions. Funds linked to Moammar Qaddafi’s associates are expected to accelerate as news of his death spreads. Banks should scrutinize unusual payment patterns for businesses with any links to Libya and other parts of Northern Africa. Money-laundering expert: “Time has just run out, but his relatives and network of associates will now use his death to re-kick-start the money movement process” Financial institutions should apply a risk analysis to all funds transfers with any suspicious ties.”]
Source: https://www.healthcareinfosecurity.com/gadhafis-death-raises-aml-concerns-a-4176