Expert Talk Lessons from the Global Laundromat Investigation Part One
Lessons from the Global Laundromat Investigation Part One
Part one of a series of two - The Global Laundromat scandal has demonstrated that there is a lack of anti-money laundering acumen and insight at the leadership level in most financial centers. Until that deficiency is recognized, things are unlikely to improve. Rules-based regimes and de-risking have overtaken many international financial centers. Banks are not stopping money laundering; instead, they are stopping legitimate commerce.
End-to-end client identity, verification, screening and monitoring for accelerated client onboarding, remediation and refresh built on an interactive platform that streamlines KYC compliance and the distribution of due diligence documentation.
Transaction monitoring forms part of an organization's governance, risk and compliance program. Thomson Reuters Transaction Monitoring screens for suspicious financial activity while supporting your Know Your Customer (KYC) and on-boarding process.
Meet changes in regulation with World-Check One, the highly adaptable KYC verification and third party screening solution.