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New research reveals over a third of banks struggle to spot signs of human trafficking

6 Oct 2020
New research reveals over a third of banks struggle to spot signs of human trafficking
New global research shows that banks and financial services professionals are failing to get a grip on the 22 money laundering crimes outlined by the 6th Anti-Money Laundering Directive
Tuesday 6 October 2020 - A new global research report published today has revealed that financial institutions are struggling to detect money laundering crimes.
 
The findings of the report, from BAE Systems’ Applied Intelligence business, suggest that banks are unable to keep up with the 22 crimes defined by the EUs 6th Anti-Money Laundering Directive, with human trafficking emerging as one of the most prevalent problems.
 
 
 
The global state of anti-money laundering: what consumers think and why that matters

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