Fraud, money laundering and other financial crimes are a thorn in the side of every financial institution. These activities can cut into profits, damage public trust and expose banks to massive regulatory penalties if found to be out of compliance with governmental regulations. Many organizations simply accept financial crime as an inevitable cost of doing business. But today, armed with advanced identity resolution and new kinds of analytics, financial institutions have powerful tools at their disposal to reduce fraud and money laundering.
Download this white paper to explore:
- Increased AML requirements necessitate more robust countermeasures;
- Build entity and relationship awareness;
- Customers, relationships and context: Critical for crime prevention.