Why money laundering checks and sanction screening really matters
Regulations aimed at detecting and preventing fraud, money laundering, terrorist financing and financial crime have more than tripled in recent years. While banks and corporates battle to stay ahead of the growing domestic and cross-border risks associated with the proceeds of crime, none can afford the financial and reputational cost of not adhering to these changing regulations and being caught in an illicit funds transfer. This episode features Sukh Vairea, Market development manager for risk and fraud explaining how to efficiently identify and mitigate money laundering and compliance risk, as well as providing guidance on what needs to be done in order to combat the ongoing threat.