How technology can help turn the war on money laundering
"It’s so important we push technology to the frontline, as our chief weapon against money launderers. In doing so, it can also act as the critical bridge between banks and regulators across the world."
Lucinity’s CEO, GK, covered an important topic in The Financial IT, addressing the importance of pushing technology to the frontline as the chief weapon against money launderers.
Despite industry efforts to fight financial crimes, he argues that the global financial sector struggles to defeat money-laundering criminals due to the disjointed and disparate nature of current anti-money laundering (AML) systems and their incumbent technologies.
”That’s why it’s so important we push technology to the frontline, as our chief weapon against money launderers. In doing so, it can also act as the critical bridge between banks and regulators across the world, giving us all a common battlefield on which to defeat financial criminals as one.”
How Technology Can Help Turn the War on Financial Crime and Money Laundering
In the global war against money laundering (ML), there can be no arguing that we’re currently fighting a losing battle.
