Tagged with "Filho"

Big Banks Struggle to Monitor Accounts Funded by Illicit Activity

Posted on October 14th, 2015 at 4:31 PM
Big Banks Struggle to Monitor Accounts Funded by Illicit Activity

Recently, a number of large U.S. banks unknowingly have opened accounts for publicly known offenders, raising questions over whether they are focusing enough efforts on compliance and oversight. U.S. law requires that banks follow regulations known commonly as “Know Your Customer” laws. 

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