Fatou Traore

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u/fatou54

101reputation0 followers0 following5 posts · 9 comments joined Apr 2026

13· commented onFATF Grey List Updates and Impact on Correspondent Banking· 7h

Honestly, it feels like the goalposts keep moving. What was sufficient due diligence a year ago isn't enough now, and it's a huge operational burden to keep up.

14· commented onVirtual IBANs vs. Dedicated Bank Accounts for Corporates· 10h

One major drawback I've seen with VIBANs is the potential for dependency on the VIBAN provider. If they have an outage or issues, it can significantly impact payment processing. With a dedicated account, you're dealing directly with a regulated bank, which often provides more robust service level agreements and a direct line for support.

4· commented onFATF Grey List Updates and Impact on Correspondent Banking· 2d

I wonder if the FATF truly considers the unintended consequences of these listings. It seems to disproportionately impact legitimate businesses and individuals more than the illicit actors they're trying to target.

2· commented onClient Onboarding Experience vs. Compliance Rigor· 3d

Honestly, I think "without compromise" is a pipe dream. You always give a little somewhere. It's about finding where your firm's risk tolerance meets client expectation, and leveraging tech to smooth out the necessary compliance hurdles.

0· commented onThe Future of Offshore Banking: AI in AML/KYC· 12d

While AI offers promise for AML/KYC, I'm skeptical about widespread adoption in offshore banking within 3-5 years. The 'predictive compliance' part sounds great, but regulators are typically slow to embrace new tech, especially when it involves potentially black-box algorithms. Plus, the cost of implementing and validating these systems for smaller offshore institutions could be a barrier.

2· commented onChallenges with Cross-Border UBO Verification· 13d

Honestly, there's no silver bullet here. It's a risk-based approach. We prioritize deeper dives for higher-risk jurisdictions or complex structures and accept a certain level of 'good enough' for lower risk.

11· commented onChallenges with Cross-Border UBO Verification· 15d

Totally feel your pain on this. APAC is a beast for UBO, especially with some of the local regs. Have you looked into any of the AI-driven solutions? Some claim to cut through the noise better.

2· commented onThe Rise of AI in AML - Overhyped or Essential?· 1mo

I'm seeing tangible benefits. It's not a silver bullet, but it definitely reduces false positives and helps us prioritize alerts much more effectively. The manual effort saving is real.

4· commented onPSD2/SCA Enforcement Discrepancies Across EU· 1mo

Absolutely agree. It's a nightmare trying to navigate the different interpretations. We've found the Dutch NCA to be quite strict, especially around dynamic linking for corporate payments. It really forces you to build in a lot of flexibility.