Tech iT
Most of the global banks, financial institutions, hotels, and tour operators are facing serious Anti Money Laundering (AML) compliance challenges that can be typically attributed to faulty mitigation approaches. Most of the firms that fail to prevent laundering end up paying a heavy price in the form of low revenues, customer dissatisfaction, huge penalties, loss of reputation and fall in stock prices.
To fulfill with Anti Money Laundering regulations, banks around the world use various technology-based products and solutions. By using current technology tools, most of the travel firms can improve their ability to alleviate financial crime risk. The Financial Action Task Force (FATF) has framed a set of regulations that is recognized as an international framework of AML standards. These Anti Money Laundering regulations help detect, report and prevent suspicious activities at financial institutions. In this article, we will discuss the challenges that banks face to uphold industry trends and how emerging technologies can be used to monitor transactions to identify such suspicious activities while traveling.
Digital payment-related issues
هذه القصة مأخوذة من طبعة July 2019 من Travel And Tour World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 2019 من Travel And Tour World.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
8 Budget Travel Destinations Across The World
Cambodia Romania Georgia Morocco Guatemala Indonesia Colombia New Zealand
Cyber Security A Must for Travel Business
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