Money laundering is a truly global phenomenon. The amount of illicit proceeds from criminal activity is estimated to account for 2-5 % of global GDP, yet less than 1% is seized or frozen by law enforcement in the financial system, while data protection rules impede information sharing between the public and private sector and inhibit innovation.
In this keynote Podcast from A-Team Group’s recent RegTech Summit for Capital Markets held on October 4th 2018 in the City of London, Che Sidanius, the Global Head of Financial Regulatory & Industry Affairs at Thomson Reuters (now known as Refinitiv), outlines the true cost of financial crime, discusses how government, society and business can help to drive change, analyses best practices for public and private information sharing to fight financial crime, and explores how to manage complex and sometimes conflicting regulatory regimes.
