Trust and Corporate Services Face Money Laundering Overhaul

Calls for a fundamental overhaul of the anti-money laundering (AML) aspects for the trust and corporate service providers (TCSP) sector are growing. Industry bodies have repeatedly highlighted that many TCSPs are failing to manage the high risk of money laundering through their services. This guest blog from AML specialists RiskScreen, one of TrustQuay's ecosystem partners, maps out the current state of play, and the concrete steps you can take.