TITLE

Bankers Taking On Goods-Based Fraud

AUTHOR(S)
Fest, Glen
PUB. DATE
March 2008
SOURCE
Bank Technology News;Mar2008, Vol. 21 Issue 3, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
32433397

 

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