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The Increasing Importance of Financial Crimes Intelligence Units in Banking


Failing to contain financial crime hits banks with the double impact of crime-related losses and fines imposed by regulators and law enforcement agencies. Depending on the magnitude of a bank’s failure to stem financial crime, fines can run into hundreds of millions of dollars – and even higher in exceptional cases. More importantly, institutions are keen to protect their brand from association with transnational organized-crime rings and scandals related to corruption.

Tags : best practices, productivity, finance, financial crime, security
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Published:  Aug 03, 2016
Length:  14
Type:  White Paper