The Concealed Internal Threat: The Need to Manage Affiliates and Affiliate Networks for Anti-Money Laundering Risks

Dr. William Scott Grob, CAMS

The purpose of this white paper is to illustrate the rising importance of affiliate management within the correspondent risk management framework as enforcement and regulatory actions continue to point to lapses in financial crime risk controls. Affiliate entity management is a concealed internal threat within the foundation of correspondent banking.

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