It has never been easier to manage money and make payments around the world. This is partly due to the rapid growth of the electronic money institutions (EMIs) sector, which offers customers personal and business accounts, global payment services and an alternative to the more traditional banks. These firms are becoming increasingly popular.

While most EMIs will be legitimate payment providers, there is a growing body of evidence that suggests they are open to abuse by those seeking to launder corrupt and other illicit funds through the global economy.