3 key processes to save your Correspondent Banking Relationships
[En inglés] It’s simply not enough for respondent banks to meet just the minimum thresholds for compliance. To ensure they’re not deemed to be risky, respondent banks have to continuously work on strengthening their anti-money laundering (AML) compliance programs. By improving three key processes, respondent banks can make their compliance programs stronger and more robust, making their CBRs less likely to be cut as part of de-risking.
This white paper will address these processes and provide concrete details on how respondent banks can adopt and utilize each of them.