Banks and financial institutions across South Asia need to overhaul their anti-money laundering (AML) mechanisms according to a new report published by Deloitte.

The South Asia Anti-Money Laundering Preparedness Survey found that banks are currently reactive in their approach to AML mechanisms and need to face up to meeting heightened regulatory expectations.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!