On The Frontline

Fintechs vs Money Laundering 

Senior UK anti-money laundering (AML) professionals from 60+ fintechs share their views

Over ¾ of compliance professionals in fintechs feel that more could be done by the UK regulator and regulated businesses, to combat money laundering effectively. And, enabled by technology and less burdened by legacy systems, their agility could put them in a prime position to take the lead in the fight against money laundering in the UK.

So what do fintechs think will make a difference in the battle against money laundering and how can the UK regime adapt to support them in this fight? On behalf of LexisNexis Risk® Solutions, the Economist Intelligence Unit surveyed AML professionals in the fintech industry to understand what they see as the biggest risks and opportunities, and to explore the specific challenges they’re facing, such as:

  • Competing for the right compliance talent
  • Demanding closer collaboration and greater information sharing
  • Calling for increased clarity and best practice guidance around regulations

To find out more, download your complimentary copy of our latest paper.

Download the views of 60+ senior fintech AML professionals

The ‘Money Laundering Exposed’ Initiative

If the UK is to effectively combat the flow of illicit funds, frank and open conversations with those on the frontline are required. LexisNexis® Risk Solutions is creating a platform for these discussions to take place and be shared, through its latest insight initiative – Money Laundering Exposed.

On the Frontline: Fintechs vs Money Laundering © 2019 The Economist Intelligence Unit Ltd. All rights reserved.
Whilst efforts have been taken to verify the accuracy of the information in ‘On the Frontline: Fintechs vs Money Laundering’, neither The Economist Intelligence Unit Ltd. nor its affiliates can accept any responsibility or liability for reliance by any person on this information.
* Please note, other than those reports for which it is directly credited as having written, the EIU is not responsible for content in the ‘Money Laundering Exposed’ initiative.

Combat money laundering with innovation, insight and technology

Know your customer capabilities to support anti-money laundering compliance