Strengthening AML Compliance Through Technology and Collaboration

In today’s world of increasingly sophisticated financial crimes, the burden of compliance is no longer just an organisational responsibility. For C-suite executives, the stakes have never been higher. The landmark case of Birgitte Bonnesen, former CEO of Swedbank, serves as a stark reminder of this new reality. Bonnesen was convicted not just for operational failings but for personally misleading shareholders regarding Swedbank's involvement in money laundering activities tied to the notorious Danske Bank scandal.

We spoke to several banks and fintechs to understand their key challenges in navigating the fast-evolving financial crime landscape. They expressed concerns about managing real-time fraud detection in cross-border transactions, reducing high false positive rates, and meeting increasing regulatory demands—all while maintaining operational efficiency. In this eBook, we will explore these pain points, examine the major trends shaping the industry, and discuss how advanced technologies like AI, machine learning, and GenAI are transforming financial crime compliance and helping institutions stay ahead of emerging risks.

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