With signs that money laundering is on the rise globally, many companies will point to their AML programs and assume they are covered. CreditSafe’s Matthew Debbage explains why that may not be the case for everyone. Research shows that about $300 billion is laundered in the U.S. each year, with AML compliance costing U.S. companies up to $25.3 billion per year. As if that wasn’t bad enough, a report from the Financial Times found that there was a 50% spike in money laundering fines in 2022. These stats, as shocking as they are, should ring alarm bells for businesses.