Money Laundering Can't Be Eliminated, Danish FSA Says

The video discusses the persistent challenge of money laundering, emphasizing that while it cannot be completely eliminated, efforts can be made to make it more difficult. The role of Russia and cultural differences in financial practices are explored, highlighting the need for improved defenses. The vulnerabilities of smaller banks are identified, and the importance of addressing other risks like cyber threats is stressed.

What are the areas of weakness in financial services today as mentioned in the text?

What other risks, besides money laundering, are highlighted as concerns for regulators?