Its all about setting the right parameters!
On May 22nd, the Financial Intelligence Unit (FIU) in the Netherlands published its annual report for 2017.
The number of unusual transactions is significant and the total amount of suspicious transactions is even record-breaking. But while the initial reaction might be to think that this might indicate an increase in financial crime, the FIU sees this development as an improvement of effectiveness in the performed transaction monitoring.
Non-compliance with regulations can kill a business due to the fines, or (temporary) loss of your business license. As we know, bad news travels fast and now reputational risk now outstrips regulatory risk.

3 thoughts to “Suspicious Transactions? Not on my watch!

  • Nelson Pedro Lopes da Silva

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