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

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

People Regulation Interviews United States

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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