Frankfurt Marriott Hotel
The AML Forums is a series of boutique, peer-to-peer, executive events. Each session benchmarks best practice, explores why banks struggle with financial crime, and discusses what’s needed to force a step change in the industry – reducing exposure to money laundering itself, and to the financial penalties.
In the past decade worldwide, fines totalling a staggering $26 billion have been imposed for non-compliance with anti-money laundering (AML) regulations, along with Know Your Customer (KYC) and sanctions violations, including on 18 of Europe’s 20 largest banks. So it’s no surprise that battling financial crime with the right tools and technologies is top of banks’ agenda.
What are the capabilities and limitations of AML tools? And how can technology help tackle the operational and compliance challenges? Answer these and other key questions at the next AML Forum.