TITLE

Diligence is Getting Pretty Pricey

AUTHOR(S)
Fest, Glen
PUB. DATE
August 2007
SOURCE
Bank Technology News;Aug2007, Vol. 20 Issue 8, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the concerns over the anti-money laundering (AML) compliance of banks in the U.S. It is noted that the cost of analyzing information generated by automated anti-laundering tools has gone beyond the expectations of bankers. In addition, regulators are criticizing the effectiveness of AML program because of the increased suspicious activity reports filed by banks.
ACCESSION #
27213590

 

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