BANK SUSPICIOUS DATA SYSTEMS OFFER POTENTIAL – BUT THEY ARE TOUGH TO ORGANISE AND OPERATE
August 22nd, 2024
The development of anti-money laundering (AML) utilities, with banks and other financial services sharing customer due diligence (CDD) resources, is moving ahead, albeit slowly and unevenly. Should these systems work, they could strike firm blows against commercial crime. Keith Nuthall reports
Financial institution collaboration against crime has been promoted by both the public and private sector, but it needs to be done well – with client confidentiality and data protection being safeguarded alongside the development of operational efficiency.
Matt ...
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