market analyst, marketanalyst.net, market analyst llc, market research & analyst



Payment Options


  Home > Publishers > WealthInsight >

The Impact of Money Laundering on Customer Due Diligence
The Impact of Money Laundering on Customer Due Diligence


 


Price:
$3,800.00

Publisher: WealthInsight
Publication: Date: 26-Dec-16
No. of Pages: 36
Delivery Format: PDF

Product Code: WI-161206



License types*:


 
Description Contents
 
The report focuses on recent developments as a result of AML regulation, and its effect on global regulation.

It provides an overview of key drivers and vendors operating in financial risk management.

It provides detailed analysis of the key operational and technological trends and challenges that institutions face due to the rapid rise in money laundering activity and frequent regulatory upgrades.

It provides insight into the impact of money laundering on businesses, and the CDD and KYC initiatives that services providers are taking to deal with risk and compliance.
The Panama Papers scandal of 2016 led to the leaked individuals names and associations being scrutinized by governments in the UK, Germany, France, Italy, Spain and Australia among others, which is unsurprising given that the financial services industry is in the midst of preparing for new stricter regulation to commence.

The Common Reporting Standards regulation, The Fourth Money Laundering Directive, the Foreign Account Tax Compliance Act and Financial Action Task Force recommendations on money laundering that have been proposed and enacted in Europe and the US are intended to strengthen the anti-money laundering (AML) regulatory environment and increase pressure on institutions to comply.

Financial institutions need to do more to be compliant with their customer due diligence (CDD) and know your customer processes (KYC). They need to check how secure their clients' data is internally. The same resonates with the provision of retail and not-for-profit services and the need to minimize a business exposure to risk as a result of failure to comply with AML regulations.
The report is divided into three chapters, which cover the following areas:

Overview of Risk Management

Key Operational and Technological Trends and Spend

Opportunities in Client Onboarding and Best Practice
Understand key factors that drive governments and regulatory bodies to formulate and implement AML regulations.

Be informed of the key operational and technological trends and challenges that institutions face due to the rapid rise in money laundering activity and frequent regulatory upgrades.

Gain insight into key vendors operating in financial risk management and analyze best practices adapted by financial and non-financial companies to combat money laundering activity.

Be informed about challenges and opportunities in client onboarding available to providers.


Browse for more products in the same category as this item:

Publishers > WealthInsight
Regions > Caribbean & Latin America
Industry > Business & Finance > Trade & Finance > Financial Services