White paper: Anti-financial crime – looking beyond staffing
The world of financial crime is murky and moves at high speed. Staying compliant is difficult in this environment.
Banks face increasingly large fines and threats to their reputation. Attacks are becoming more sophisticated and complex. There has never been a more important time to create a solid compliance strategy for anti-financial crime. So far, most banks have focused on hiring more people to tackle the problem.
Many are still relying on older systems to execute compliance tasks. This may work in the short term. But with the world’s leading economies going cashless and new regulations like Instant Payments and PSD2 coming into effect, this approach will soon be difficult to support. How can banks best perform their gatekeeper function?
Click here to read the latest Visma Connect white paper and explore the current landscape and how financial institutions can prepare for the future.