How not to deal with money laundering

Standard Bank is using a resource called "Leaner, Affluent", based in Midrand, to email their high net worth clients, requesting all relevant documentation relating to earnings, so that they can be assessed for money laundering potential. Not only does this raise the spectre of phishing, but imagine sending all confidential income related information over an unsecured email service. Clearly risk, customer perceptions and relationships with valuable high net worth customers, have no meaning for Standard Bank.