Drug trafficking is a global problem—and despite decades of research, regulations, and enforcement, it remains a $400 billion global business. While financial institutions have invested heavily in innovative technology, they continue to miss a significant portion of drug trafficking activities. Oracle’s Garima Chaudhary shares her views on how advanced analytics can help.
In the United States alone, the cost of anti-money laundering (AML) compliance is estimated at $23.5 billion per year and growing. To counter cost pressure,–as well as growing pressures from regulators and customers–many banks have already begun their journey to creating next-generation anti-financial crime programs in the hopes of boosting effectiveness and efficiency. Oracle’s Garima shares her thoughts.
Anti-money laundering (AML) enforcement is critical as the European Commission announced its latest list of countries that pose risks due to shortfalls in anti-money laundering initiatives. How can African Banks strengthen their Anti-Money Laundering programs? Oracle’s Ganesh R shares more.
Chief Compliance Officers (CCOs) at banks and other financial institutions are under extreme pressure to get their anti-money laundering (AML) programs right. Oracle’s John & Garima shares how modernization can be part of long-term success. Read more.
The impact of COVID-19 is being felt across all areas of business, including anti-money laundering. Oracle’s John Edison shares his insights on how financial institutions can maintain AML program effectiveness
Every year, the illegal wildlife trade threatens many animal species with extinction. Oracle’s Garima Chaudhary shares her insights on how financial institutions can take a stand against illegal money laundering through such trading.