New research conducted by RegTech NICE Actimize and Regulation Asia, suggests that countering financial crime could move beyond well-used tools such as suspicious transaction monitoring and sanctions screening and focus on high risk areas, including trade-based financial crime. Other areas considered high risk include fraud and cybercrime.

AML Tech Barometer: Perspectives from Asia, which looks at how new technology is being deployed to fight financial crime, also finds that trade-based money laundering (TBML) is increasingly a priority for financial institutions.

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