Analyst Briefings
Get in touch
IBSi Premium
Advertise with Us
Back
AML inadequacies can lead to ‘eye-watering’ fines for banks
By Puja Sharma
Almost half (45%) of the banking and finance firms who responded disclosed that they did not identify the ultimate beneficial owners of the new companies they dealt with – a loophole often exploited by money laundering criminals, who create complicated corporate infrastructures to hide the real recipients of criminal activity A “worrying” number of banks […]
This article can only be read by subscribers. Subscribe to IBSi Premium or Sign in
Get access to IBSi Premium
IBSi Daily News Analysis + monthly IBSi FinTech Journal
Daily insightful Financial Technology news analysis
Weekly snapshots of industry deals, events & insights
Weekly global FinTech use cases
Chart of the Week curated by IBSi’s Research Team
Monthly issues of the iconic IBSi FinTech Journal
Exclusive invitation to a flagship IBSi on-ground event of your choice
£19.99/monthly - Subscribe Now!
Other Related News
Related Reports
