AML revisited – CDD primacy

Billions spent for minuscule return: is it time to rework the whole approach to anti-money laundering – prioritise customer due diligence, scrap reporting and direct far more resource to law enforcement? Keith Nuthall and Sarah Gibbonsexamine a radical proposal.

Billions spent for minuscule return: is it time to rework the whole approach to anti-money laundering – prioritise customer due diligence, scrap reporting and direct far more resource to law enforcement? Keith Nuthall and Sarah Gibbons examine a radical proposal.