Thursday, 17 December 2015

Why Banks Need Standardized Anti-Money Laundering Programs

Banks Need Strong, Standardized Anti-Money Laundering Programs to Fight Financial Crime

From Forbes –

“Financial institutions are working hard to fight financial crime and bank fraud driven by demands to protect the bank’s assets, as well as by regulatory compliance. One area of specific focus is that of Anti-Money Laundering (AML). For many institutions, there are several challenges to creating a sustainable AML organization – one that can respond to regulatory reporting mandates and provide information to support “business as usual” demands – while also finding, developing and retaining the talent needed to accomplish these critical activities.”

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