INCREASING COMPLEXITY IN FINANCIAL NETWORKS POSES MONITORING AND INTELLIGENCE CHALLENGES FOR AML/CFT
November 14th, 2024
While the increasingly complex financial world’s fintech and cryptocurrency networks may boost liquidity and financial efficiency, it also complicates screening transactions for crime links. That includes the growing number of sanctions created by Russia's ongoing invasion of Ukraine and Iranian support for terror groups. Financial services are facing tougher challenges in ensuring their transactional ecosystems are clean.
In the USA, the Federal Financial Institutions Examination Council (FFIEC) is one regulator concerned about these growing AML challenges. ...
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