Phishing, SWIFT and Technology Risk

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Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

PYMNTS

JUNE 17, 2020

There was an insufficient understanding of risk; there were “unclear” end-to-end accountabilities for compliance; and there were insufficient resources in place. That tactic — cutting corners and pennies — shows a glaring disconnect in risk management, according to Taylor. Crime, At Scale.

AML

AML Money Laundering Compliance Financial Crimes

Payments Space

Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

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