The AML Challegens in Correspondent Banking and International Payments from NetPractice on Vimeo.
Detecting money laundering in correspondent banking is often complex and time-consuming. It is fraught with challenges that include:
– Getting the right customer data from correspondent banks
– Managing the co-mingling of funds in one account
– Nested correspondent accounts of shell banks
– Handling first time visitors to your bank who pick up cashier’s checks after a wire transfer
In this webinar we take a look at the money laundering risks in correspondent banking and international payments, analyze the specific regulations in this area and look at how best to combat this growing threat
This webinar will appeal to any compliance officer or related role looking for answers in how best to tackle
AML Compliance within Correspondent Banking and International Payments.