UK report says banks could share money-laundering checks on customers


November 1 2018

Shared digital platforms for banks to make anti-money laundering checks on customers could save money and boost Britain’s fintech sector, a report from The City UK and Deloitte said on Thursday.

The report was commissioned by the Financial Services Trade and Investment Board (FSTIB), a joint industry and government body set up in 2013 to strengthen Britain’s role as a global financial centre.