Detecting Risks and Averting Fraud with Syntel’s AML Solutions

Money laundering has been on the rise in the last few years, posing a financial threat, economic dilemma and legal entanglement across the globe. Caught in the vortex of these issues, many countries have set up comprehensive anti-money laundering (AML) measures to discourage, prevent and combat the risks faced. Government bodies have established and endorsed different AML laws, like the USA Patriot Act, UK Proceeds of Crime Act, Australian AML and Counter Terrorism Financing Act, and the EU’s Money Laundering Directive, driving financial institutions to increase
their due diligence efforts and risk analysis methods to avert fraud.

 

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