Anti-Money Laundering (AML) , Fraud Management & Cybercrime , Standards, Regulations & Compliance
Fighting Money Laundering: Overcoming Challenges
Deloitte's K.V. Karthik on How to Mitigate Fraud Risks
Banks continue to face many challenges in complying with regulations while tackling the issue of money laundering, says K.V. Karthik of Deloitte India.
Deloitte recently released a report on anti-money laundering efforts in South Asia. “AML has become a C-suite issue and gets actively discussed at the board level,” Karthik says.
In this video interview with Information Security Media Group, Karthik also discusses:
- The latest anti-money laundering efforts in the banking industry;
- Why many tools designed to tackle the problem are inadequate;
- How financial institutions need to change their approach to fighting money laundering.
Karthik is a partner and leads the financial services sector within the Deloitte forensic practice in India. He is also the South Asia leader for financial crime compliance. Karthik has more than 20 years of experience in the financial services sector and has led a range of projects, particularly in the areas of risk and compliance.
