Money laundering and economic effects - Essay ExampleA case in point is the example of the measures put in place by the Basel Committee on Regulation and Supervisory. In this case, therefore, it becomes extremely easy for banks to have a clear check on their dealings with its counterparts and come up with appropriate solutions in cases where they detect secreted dealings.Secondly, it would be of use to regulate the manner in which organizations run their activities, so as to normalize efficiency. If the management is alert and constantly report on any forms of suspicious dealings, the entire organization will be better placed to deal with the implications of the money laundering. This will be applicable in the case of fraud such as in the instances of procurement, accounts, employment qualifications, investments amongst others. If this is applied in all organizations, a lot of money that would have landed in the hands of a few people will be saved from losses, or landing in the hands of the wrong people.
