AML Compliance: Assisting Banks In Overcoming Financial Scams

AML Compliance

The recent rise in money laundering activities alarms the regulatory authorities. While $2 trillion money was laundered yearly, only 1% of money laundering activities were detected. To counteract this, AML monitoring authorities conduct worldwide surveys, ensuring proper AML compliance in financial institutes. This was a staggering situation, and financial institutions were required to gauge the …

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