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Manual checks instead of electronic ID verification leave FS vulnerable to money laundering

By Puja Sharma

December 14, 2023

  • Ai Financial Services
  • AML
  • AML Compliance

More than a third (36%) of people in regulated firms who ‘can’t trust’ electronic ID verification and instead rely on manual checks, are leaving their doors open to financial crime, anti-money laundering expert warns. This statistic – from SmartSearch’s 2023 annual survey of 500 compliance stakeholders – has doubled since their 2022 survey, when 18% […]

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