Ninety-percent of U.S. population growth during the next five years will come from ethnic minorities, says Coopera Vice President Gustavo Gruber. Hispanics will account for 60% of that growth. Click here to learn more about serving these emerging markets.
Human trafficking, money laundering, trade-based money laundering and terrorist financing all come with their own sets of red flags for financial institutions. In addition, entities such as money services businesses and cash-intensive businesses can be legitimate, but also have potential to be used for illicit activities.