Moreover, these summaries are published directly after a meeting of the Council – i.e. virtually “in real time”. Excessive transparency can make the central bank a “hostage” to market sentiment. In monetary policy, therefore, transparency is not synonymous with short-run predictability. Central banks would then be constrained to react solely in order to meet short-term expectations.
iii)  The perpetrators of money laundering are very smart and sophisticated, ready to take advantage of any existing loopholes in the law and weaknesses in the internal controls of financial institutions.