Regulators have intensified their scrutiny of securities firms and are levying heavy penalties for noncompliance with AML/CTF regulations. These firms often struggle to mitigate risks related to high transaction volumes and velocities, opaque ownership structures, and the overall diversity of the schemes they must monitor. To meet the challenge, securities firms are developing more customer- and product-oriented monitoring programs supported by data analytics and emerging technologies.
Money launderers are drawn to the size and complexity of the securities industry. This paper explores:
Global Financial Crimes Leader, PwC US