Compliance, Liquidity Risk and Technology Risk

Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

PYMNTS

JUNE 17, 2020

According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. Westpac said it identified three drivers of compliance failures, ZDNet reported.

AML

AML Money Laundering Compliance Financial Crimes

Implementing AI Becomes Top-Two Priority for 31% of UK Executives Reveals Accenture

The Fintech Times

DECEMBER 29, 2023

Of all the risk factors that have increased in the last two years, disruptive technologies were the second most significant for UK executives, only behind regulatory and compliance risks (33 per cent). Disruptive technology risk ranked fourth among global executives.

AI Liquidity Risk Consulting Risk

Payments Space

Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

Implementing AI Becomes Top-Two Priority for 31% of UK Executives Reveals Accenture

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