With the advent of technology, the entire business and compliance landscape has gone through significant changes. Everything from the way customers buy to the way products and services are delivered has seen a shift thanks to new digital tools, systems, and processes.
However, as tech has improved many of our daily lives both professionally and personally, it has provided another avenue for bad actors to launder money, disguise the proceeds of crime, commit fraud, and infiltrate our financial systems.
Today, amid increasing pressure from the regulators and ever-evolving legislation, modern financial institutions and regulated firms have bigger obligations than ever to combat financial crime.
In this infographic, we explore how technology is shaping the face of the AML compliance landscape.
To download a PDF of this infographic, click here.