Combating Financial Crime: The Increasing Importance of Financial Crimes Intelligence Units in Banking
This white paper assesses how aware banks in Europe and North America are of FCIUs and what measures they have been taking to be more prepared for full implementation of their own FCIU. It examines how FCIUs are managed and staffed, and what resourcing challenges they face as they expand. It also investigates how banks and regulators interact and whether the way they communicate with each other and with law enforcement agencies needs to change.