FinCEN leaks highlight need for “radical” approach to tackling financial crime
(Sponsored article) Governments need to consider taking more “radical” measures to tackle financial crime threats in the wake of the FinCEN leaks, even if there is a risk of “intelligence leakage”, an industry poll has found.
A survey of hundreds of anti-money laundering (AML) industry practitioners found that 88% were in support of financial intelligence units (FIUs) taking a new and more daring approach.
The poll took place during a Thomson Reuters webinar entitled “Beyond the FinCEN files: Building a better framework for financial intelligence”. Participants included financial crime compliance (FCC) officers, regulators, consultants and members of the financial intelligence community.
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