Handling AML & Sanctions

Handling AML & Sanctions

Call date: 3rd Jul 2019

In this call members discussed their experiences in dealing with AML & Sanctions issues with different banks. Participation was from treasurers in Europe and Asia.

The call was chaired by Jane Hennessy .  The key discussion topics are detailed below.

Please contact us if you would like a copy of the full report (8 pages)

Premium members can and subscribers can download the full report here.

Key discussion areas

• Inconsistency of approach both within individual banks and across different banks.
• Banks treating clients differently
• Highly time consuming and frustrating for corporates
• Lack of transparency from banks about why payments are stopped
• Permitted payments with fully transparent disclosure get stopped – but has a bank ever been fined for processing such a payment?
• Pre-screening of payments by banks
• Education of commercial teams

Premium members can and subscribers can download the full report here.

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