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
Denne historien er fra July 2019-utgaven av Travel And Tour World.
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Denne historien er fra July 2019-utgaven av Travel And Tour World.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
8 Budget Travel Destinations Across The World
Cambodia Romania Georgia Morocco Guatemala Indonesia Colombia New Zealand
Cyber Security A Must for Travel Business
In the tourism industry, collection of personal data is the routine. But, in recent times, data breaches have become more common and travel companies are in the radar of cyber criminals who are out to exploit loopholes associated with data security.
Interview Zone- Roberto Alberti
Roberto Alberti engages in a conversation with Travel And Tour World and shares his experiences and responsibilities as the Senior Vice President and Chief Commercial Officer of Costa Cruises.
SLOVAKIA A SUSTAINABLE ADVENTURE
Slovakia is a cultural and ecological treasure tucked in the heart of Europe. Slovakia provides a one-of-a-kind travel experience for those eager to explore the great outdoors, from the breathtaking peaks of the High Tatras to the primaeval woods of Poloniny National Park. However, with rising environmental concerns, sustainable travel is becoming increasingly vital.
Sandy Liw - General Manager of InterContinental Khao Yai Resort
In an exclusive interaction with Travel And Tour World, Sandy Liw, General Manager of InterContinental Khao Yai Resort shares her views how she excelled in this field and how hospitality industry is going and how it is evolving in near future.
Chaiphun Thongsuthum - General Manager of Centara Grand Mirage Beach Resort Pattaya
Travel And Tour World had the privilege of sitting down with Chaiphun Thongsuthum, the newly appointed General Manager of Centara Grand Mirage Beach Resort Pattaya.
La Tomatina Deep Dive in World's Biggest Food Fight!
Welcome to the complete guide to Spain's oddest and messiest food combat event, La Tomatina! Every year, hundreds of people from across the world flock to the little Spanish town of Buñol, near Valencia, to participate in the world's largest tomato war.
Mauritius Feel the pulse of life
Mauritius is whopping enough for lifetime adventure but not as big as to do it all in just one visit. The diverse and inclusive island nation is an all-time favourite destination for luxurious vacation and immersive experiences.
A Journey Into Europe's Oldest Salt Mine
Salina Turda, located in Transylvania, Romania, is a captivating destination that takes visitors on a journey into the depths of Europe's oldest salt mine.
Synthesis of Technology to Make Green Hotels
Sustainability has become a critical focus for hospitality businesses, as consumers' demand for eco-friendly practices continues to rise. Outdated initiatives like towel reuse programmes are no longer sufficient, prompting the need for more impactful and innovative sustainable efforts.
