Listen to the Article: Shocking Survey Reveals A Mere 4% of Financial Institutions Fully Grasp AML Rules
A recent report on financial crime and compliance for 2023-2024, unveiled by UK-based fintech Sanction Scanner, sheds light on significant gaps in understanding anti-money laundering (AML) regulations within the financial sector. Surprisingly, only 4% of interviewed financial institutions are "Very confident, no clarity needed" regarding their knowledge of AML regulations.