It's a balancing act for life insurance companies when it comes to their anti-money laundering (AML) programs. Meeting regulatory requirements while maintaining operational efficiencies and keeping expenses down can be a challenge.
To sort through the maze of requirements versus resources, Fiserv has brought together three AML experts to answer some of the most pressing questions, including:
- How do insurance companies address the burden of AML mandates, evolving regulations and rising operational costs?
- How can compliance departments gather the intelligence to channel limited investigative resources to where they are most needed?
- What are the hallmarks of an effective financial crime management solution?