Compliance & Anti-Financial Crime
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Compliance, Financial Services

LATEST: FATF chief says banks spending billions on compliance which is driving customers to find cheaper alternatives; fight against FinCrime hampered by ‘investment in the wrong places,’ Lewis warns

By Elizabeth Hearst for AMLi

Financial Action Task Force (FATF) Executive Secretary David Lewis has said the battle agains FinCrime is blighted by “investment is in the wrong places.”

He has called for a more “joined up approach between law enforcement and banks”, as well as “better public-private collaboration”, as well as “more public-private partnerships”

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