Why Anti-Money Laundering Should Be a Top Priority for Financial Institutions #infographic

Why Anti-Money Laundering Should Be a Top Priority for Financial Institutions #infographic

To every economic executive the to - do list is certainly overwhelming. There are several programs vying for publicity, from handling technological transitions to successfully cultivating talent.

An anti-money laundering (AML) problem which has been in the headlines for years. If criminals are able to easily obscure the illicit source of their cash, both the financial institution and society suffer. So, what makes AML more critical now than it has been in the past?

The enforcement employees must have multiple contact points with a customer to collect and review data. Perhaps not unexpectedly, one in three economic companies has lost prospective clients due to inadequate or sluggish onboarding processes. It's no wonder that anti-money laundering is now a top priority for many CEOs throughout the financial sector.

Why Anti-Money Laundering Should Be a Top Priority for Financial Institutions #infographic

infographic by: www.visualcapitalist.com

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