Author: James Richardson, Head of Market Development – Risk & Fraud at Bottomline Technologies
In recent months, the news cycle has been littered with stories of banks receiving heavy fines and bad publicity. The increasing commonality of this type of press demonstrates in technicolour the range of business and reputational risks from inadequate controls and compliance failings. In a complex and globalised digital age, there are more requirements on banks and corporations to Know Your Customer (KYC) and impose effective Anti-Money Laundering (AML) controls.
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