This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Financial institutions should embrace technology to combat dirty money, FATF says

( July 2, 2021, 14:06 GMT | Official Statement) -- MLex Summary: Financial institutions should embrace new technology to help improve the "speed, quality and efficiency of measures to combat money laundering and terrorist financing," the Financial Action Task Force said in a report published today. However, the complexities and costs involved in "replacing or updating legacy systems" across the public and private sector make it "challenging to exploit the potential or innovative approaches to anti-money laundering for both industry and government," the FATF said.Statement follows, the report is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections