Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Financial Services

BREAKING: European Banking Authority warns lenders ‘underestimate’ AML risk; reveals pandemic is driving new crime typologies that banks have not adapted to yet

By Dan Byrne for AMLi

Banks may still underestimate the level of money laundering risk they are exposed to on a day-to-day basis, the European Banking Authority has warned.

The trend is visible across several business lines within the system, and in some cases, it may mean that institutions might not have the tools to handle the risk at all, the regulator explained.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!