COMBINATION OF HUMAN EXPERTISE AND BURGEONING AML TECH CAN REDUCE DATA GIGO RISK
October 21st, 2022
Ensuring data held by organisations with AML/CFT reporting duties is clean and correct is a bedrock of an effective compliance programme fighting dirty and terror money flows. But given the vast and increasing amount of data handled by large companies, partnerships and public bodies, this task has never been simple and is becoming more onerous.
US-based data processing service provider Precisely is one company stressing the need for care when building AML/CFT databases, including CDD and STR records, even when data is assessed by machine learning programmes. ...
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