Anti-Financial Crime & Financial Crime Compliance
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LATEST: Banks and crypto firms warn AMLA that transaction speed blocks real-time monitoring

AMLA is consulting on guidelines on ongoing monitoring of a business relationship.

By CARLO BOFFA, EU Correspondent FINANCIAL institutions have warned the EU’s Anti-Money Laundering Authority that the speed of instant payments could prevent them from complying with the agency’s guidance on real-time monitoring. The matter goes to the heart of one of the toughest challenges facing financial institutions, which must screen transactions and block those they…

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