Banking Experts: Tech Isn't the Whole Solution to Financial Crime
The industry and researchers are challenging the touting of privacy-enhancing technologies as a cure-all for KYC/AML failures, and advocating systemic reform.
Banking industry experts are debating the effectiveness of technological solutions in preventing financial crime, in the wake of revelations that some of the world’s largest banks helped criminals move dirty money around the world.
In September, news website Buzzfeed and the International Consortium of Investigative Journalists broke a story revealing how some of the world’s biggest banks are financing international criminals, and exposing the inaction of the US government and law enforcement
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Waters Wavelength
Wavelength Podcast Ep. 220: ESG in the News
Some holiday banter about ESG and how it's portrayed in the news.
Subscribe to Weekly Wrap emails
Most read
- Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
- Fermi’s New Paradox: If AI Analysts Are So Obvious, Where is Everybody?
- Buy-Side Technology Awards 2020 Winner's Interview: Matrix IDM
- This Week: BNP Paribas; Deutsche Börse/ISS; Nasdaq/Verafin; Tora/TP Icap; Gresham/Data-Xchange
- Waters Wrap: Blockchain is Still Overhyped (And Ion/Broadway Thoughts & the Consulting Boom)