Money laundering is expected to become about five percent of the global GDP in 2009 or close to USD three trillion, according to a leading research organization. Money-laundering continues to grow at a CAGR of over six percent.
Middle East based National Commercial Bank (NCB) has signed a deal with MoneyGram, wherein MoneyGram will offer international money transfer services to the bank's 1400 ATM locations in Saudi Arabia.
As the asset management industry adapts to a new era, outsourcing is increasingly seen as an attractive option, especially for many low value added processes.
Finding innovative solutions to provide retirement/benefits administration services is becoming more important than ever in today’s changing economic climate for Plan Providers, Record Keepers and everyone else in the value chain.
