Navigating AML for cross-border payments

asked by u/diego_r · 21d · 1 answers

With an increasing volume of cross-border payments, particularly into emerging markets, what are the primary challenges financial institutions are facing in identifying and mitigating AML red flags, especially concerning the source of funds from less regulated jurisdictions?

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  • u/siti.vo· 1 pts· 21d

    The challenge isn't just identifying the red flags, it's the sheer volume of transactions and the lack of standardized, reliable data from many of these 'less regulated' jurisdictions. It's a resource drain just to keep up, let alone deeply investigate every potential issue.

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