Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is money laundering a very high ranking risk for banks now?

April 26, 2017Banks high laundering money ranking risk

0

Posted

Is money laundering a very high ranking risk for banks now?

1 Answer

0

Posted

Yes, indeed. It is a real high risk for all intents and purposes like never before. It has assumed a very high global visibility attracting huge penalties for non compliance. Combating financing to terrorists is now a major focus area of AML activities, magnifying the AML risk.