Overcoming customer due diligence challenges in financial institutions

Forensic Diaries: A Forensic & Integrity Services Blog

Financial institutions across the globe are under increased regulatory scrutiny to comply with anti-money laundering and counter terrorist financing policies and procedures. In the past decade, they have witnessed significant enforcement actions and penalties for non-compliance with respect to money laundering and terrorist financing. Hence, regulations are being introduced and/or amended across regions to fight geopolitical risks as well as fraud, corruption and financial crime.

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