NEW TECH HELP AMLOs IN COMPLEX TASK OF SIFTING ML/TF SUSPICIONS
May 19th, 2024
Suspicion is at the core of AML/CFT - investigating a transaction that appears unusual may lead to evidence of potential wrongdoing that can be incorporated into a suspicious transaction report (STR).
But as with any bedrock professional practice, there is a right and wrong way to work. With so many transactions to assess, how can trained AML/CFT officials target their limited resources on activity that is more likely to be criminal, avoiding wasting time and energy on legitimate payments?
Dilip Jain, head of compliance for ARK Capital Management, in Dubai, ...
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