Fraud, money laundering and other financial crimes are a thorn in the side of every financial institution. These activities can cut into profits, damage public trust and expose banks to massive regulatory penalties if found to be out of compliance with governmental regulations.
How can banks gain a clearer view of entities, relationships and hidden patterns as they deal with financial crimes including anti-money laundering (AML), anti-terrorist financing and various types of fraud.
Download this white paper to explore
- The challenges involved in combating financial crimes;
- Three vital aspects of knowing one's customer;
- Why understanding the customer is so crucial to fighting financial crime.