The 2020 review of South Africa’s anti-money laundering standards could have wide repercussions for the way its banks conduct vetting procedures, including adverse media screening.
FIC guidance highlights that institutions need to implement a programme for discovering adverse information, as part of their risk assessment policies. But, as the internet expands, locating adverse media is getting harder and so better technology can improve effectiveness.
Our white paper includes:
- A money laundering review
- How the banks in South Africa are fighting back
- Cutting-edge tips for better adverse media screening
Download the white paper