6 Best Practices for Improving AML Screening

A new whitepaper by BankersAccuity outlines a number of steps banks can take to improve efficiency and compliance in anti-money laundering operations.
July 19, 2013


Don't Use Local Place Names

As long as the institution is not in a sanctioned country, then place names in a home country can be left out because place names can only be applied to country programs. Although there are sanctions against Liberia's former president Charles Taylor and his known associates, banks can ignore matches that include places in Liberia, because the sanctions are leveled against an individual not the place, the paper states.

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