Bankers Taking On Goods-Based Fraud

Fest, Glen
March 2008
Bank Technology News;Mar2008, Vol. 21 Issue 3, p32
Trade Publication
The article discusses how the new anti-money laundering tool used by SAS helps improve the overall compliance infrastructure in the U.S. It is required of banks to have policies to monitor letter-of-credit or international supply-chain activity flowing through their systems. However, fraud still came despite tighter scrutiny. Bankers have struggled in managing their responsibility.


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