Transaction Monitoring a Key Challenge in AML Prevention
Innovation is a vital component in AML Prevention, especially as the tools and systems that are used by criminals get increasingly sophisticated and complex. However, many firms today feel that innovation is tricky in this area, especially with an increasing burden of regulation. These are the firms that are likely to remain committed to legacy technology and systems that leave them open to exploitation. For example, relying on a manually delivered financial crime risk management and AML Prevention regime can...
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