Money Laundering and AML Compliance
It is expensive to keep a crime and corruption department on your banking institution. If you are dealing with a millionaire who is related to some oil mogul in Russia you can do your due diligence and Vladimirovich can hire a team of accountants to prove that his business is legit and not at all related to the corporativist oligarchy his uncle runs. Or it might be, but the risk vs reward is good enough to turn a blind eye for now.Ivan, immigrant from Belarus who drives a bus and likes to withdraw cash from his That's basically AML compliance to you.