back Back

Banking and finance firms failing to detect basic AML violations

By Puja Sharma

July 26, 2022

  • AML
  • AML Compliance
  • AML platform
Share

Many of the firms surveyed admitted evening more basic breaches of the AML compliance rules – a quarter (25%) said they did not always carry out any verification checks on the owners or directors of new business customers. Almost half (45%) of finance and banking firms are failing to carry out crucial “ghost-buster” checks on […]

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!
Previous Article

July 25, 2022

The Monday Roundup: what we are watching this week | July 25th

Read More
Next Article

July 26, 2022

Why is digital onboarding garnering traction within Financial Services?

Read More








Weekly Case Study

Chart of the Week

FinTech insights exclusively curated by the IBSi’s Research Team

Other Related News

May 17, 2024

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

May 16, 2024

Is AI the New Weapon in Chargeback Fraud?

Read More

May 15, 2024

Alignment with DORA will deliver a more resilient UK financial ecosystem, research reveals

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023