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Datamonitor Germany

Banks must exploit synergies between anti-fraud and anti-money laundering

(PresseBox) (London, )
The increasing amount of overlap and duplication of data, tasks and processes in their anti-fraud and anti-money laundering (AML) divisions is driving banks to seek synergies between compliance, risk management and security reveals a new report by independent market analysis firm Datamonitor. The report "Using Technology to Combat Financial Crime in Retail Banking", says the current economic crisis exacerbates existing problemswhich may result in the industry seeing a new wave of financial mis-statements, account manipulations or internal fraud. Reduced vigilance could open new windows of opportunity for money launderers and fraudsters.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.