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Q&A: FIBA talks AML compliance, risk in LatAm

Q&A: FIBA talks AML compliance, risk in LatAm

August 23, 2018 | Mario Marroquin
President and CEO says there is close to $4trn worth of money being laundered on a global basis

People Regulation Interviews US

Costs related to money laundering make up roughly 2.7% of the annual global GDP and preventing it has become an increasingly necessary expense for banking institutions and law enforcement. The Florida International Bankers Association (FIBA) CEO and president David Schwartz said the problem compounds even further when international regulatory mandates and cultural differences are thrown in the mix. In a recent interview with LatinFinance, Schwartz addressed the challenges, both fiscal and circum

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