The changing face of ABC

All types of financial crime prevention have been handicapped to some extent by the division of clearly related activities into policy and operational silos. ABC is no exception. Banks have separate teams and policies for ABC, focused largely on the provisions of the US Foreign Corrupt Practices Act and the UK Bribery Act, and it is viewed as distinct from other anti money laundering activities because of its focus on employees and direct representatives of the institution, and not on the activities of clients.

Read our report here.