In collaboration with Central Banking, Kroll conducted a survey of central banks across a variety of jurisdictions to explore how they are addressing anti-money laundering (AML) and countering the financing of terrorism (CFT) risks.
Findings include:
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Central banks highlighted cross-border payments as a key risk area
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Supervisory models are under pressure as the payments landscape shifts with the growth of payment and e-money firms
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The increased use of data analytics and the adoption of risk-based supervision models is enabling central banks to overcome resourcing challenges and manage risk more effectively and efficiently
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AML/CFT supervisors are co-operating domestically, but more cross-border collaboration is needed to effectively tackle shared financial crime risks
