About this episode
In this episode, former McKinsey and AML expert Magnus Johannesen takes you through how big the AML market is, what challenges the banks and financial institutions face, and how new technology can be utilized to reduce costs and make AML processes better.
Did you know that European banks and financial institutions spend €200bn+ on anti-money laundering per year? Over 75% of this is spent on personnel as they struggle to meet regulatory requirements for KYC (Know your customer). And the excessive cost and risk associated with KYC leave them screaming for new and better technology to help.
Hosted on Acast. See acast.com/privacy for more information.
Get every episode summarized
Each time The Laundry publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Laundry
E172: Is this the end of beneficial ownership data?
The Laundry
E171: How do we put the "human" back into AI processes in fincrime?
The Laundry
E170: What does the board need to know about AML?
The Laundry
Re-Spin: How do we stop MLRO burnout?
The Laundry