Cross-border payment transactions promote international trade and services. However, foreign transactions entail an increased risk of financial crime. Credit institutions prevent this risk with effective correspondent bank monitoring and systematic analysis of payment messages.
From typo to terrorist financing? Applied linguistics in compliance When the EU imposed sanctions on the Gaddafi regime in early 2011, no one could have foreseen the ensuing problems for compliance. A lack of clear standards for the spelling of Arabic names in Roman script gave rise to dozens of variations of the Libyan leader’s name. From Muammar Qaddafi and