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Debate: Ensuring Effective Due Diligence for New Clients to Mitigate Fraud Risk
04 Dec 2024
- How are banks enhancing their frameworks to identify potentially fraudulent clients during the onboarding process?
- To what extent are banks incorporating adverse media screening into their enhanced due diligence (EDD) processes to identify ultimate beneficial owners (UBOs) of shell companies? How effective is media screening when identifying fraudulent clients?
- How are banks streamlining their fraud processes to ensure fraud risk is most effectively mitigated?
- What does a good enterprise-wide fraud risk assessment look like?