In the fast-paced and interconnected world of finance, how to fight financial crime has become an increasingly complex and challenging endeavour for banks and financial institutions. Traditional approaches to combat illicit financing, such as money laundering, fraud, and terrorist financing, often struggle to keep up with the evolving tactics of sophisticated criminals. However, with the right technology and its successful implementation, the financial sector holds the promise of largely reducing financial crime risks. 

Ahead of the Anti-Financial Crime Exchange Europe 2023, we spoke exclusively to John Fernandez, Chief Legal & Compliance Officer, Banked, about how to go about successfully implementing KYC and onboarding solutions, transaction monitoring and automated third-party risk management solutions, to enhance his company’s financial crime threat mitigation efforts and protect their customers. 

Read more and discover: 

• The key steps involved in creating a technology business case 
• The greatest pitfalls encountered when implementing KYC and onboarding solutions, transaction monitoring and automated third-party risk management solutions and how to overcome these 
• How to maximise the impact of KYC and onboarding solutions, transaction monitoring and automated third-party risk management solutions 
• Best practices of successfully implementing technology to help financial crime prevention 

Download the full interview here >>>