We need to be able to see deep inside supply chains to know whether criminals are using trade finance to launder money says head of trade and supply-chain finance at the Asian Development Bank (ADB), Steven Beck. Replacing paper trails… Read More ›
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TBML top of emerging financial crime risks in Asia-Pacific says LexisNexis
Trade-based money laundering (TBML) has ranked top of the list of emerging financial crime risks in the latest LexisNexis True Cost of Compliance Study – Asia-Pacific Edition. Crimes involving digital payments and cryptocurrency, third parties – including TBML, money mules,… Read More ›
Banks and financial regulators wasting time on AML compliance should consider AI techniques
A new policy brief published by the Brookings Centre on Regulation and Markets has a clear focus on anti-money laundering (AML) compliance and suggests that banks, regulators, and law enforcement authorities are spending time and money chasing down potential leads… Read More ›