Ep439: Money laundering is ‘a clear and present threat’ – what can be done, what is being done?

Some 2%-5% of global GDP is estimated to be laundered annually – ‘a clear and present threat’ to the financial system according to EU Commissioner for Financial Services Mairead McGuinness. What is the role of emerging digital technologies in combatting fraud and financial crime, a traditionally resource-intensive and costly endeavour for banks and financial institutions? Robin Amlôt of IBS Intelligence speaks to Carol Houle, SVP, Global Head of Financial Services & Insurance (pictured) and Olaf Badstuebner, Risk & Compliance Partner, Atos, about improving both the regulatory and industry approach to tackling financial crime.