Fixing The KYC And AML ‘Horse-and-Buggy’ Model

The numbers are sobering. Even staggering.

When it comes to financial crime, it seems, the bad guys are getting away with financial murder.

Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo, money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP.

Read more.