FISD General Meeting: Data is Key to AML Success
NEW YORK - Quality customer and reference data is essential to comply with anti-money laundering (AML) regulation, according to speakers at the FISD General Meeting in New York in June.
AML has climbed the agenda in recent years due to increased regulation. AML software systems are used to identify the suitability of counterparties and monitor transactions.
Kay LaBare, CTO of Fortent, which provides AML software as part of other compliance solutions, said it is clear that data is key to success.
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