Anti-Money Laundering (AML) , Fraud Management & Cybercrime , Standards, Regulations & Compliance

Fighting Money Laundering: Overcoming Challenges

Deloitte's K.V. Karthik on How to Mitigate Fraud Risks
K.V. Karthik, partner, Deloitte India

Banks continue to face many challenges in complying with regulations while tackling the issue of money laundering, says K.V. Karthik of Deloitte India.

See Also: Live Webinar | A Buyers' Guide: What to Consider When Assessing a CASB

Deloitte recently released a report on anti-money laundering efforts in South Asia. “AML has become a C-suite issue and gets actively discussed at the board level,” Karthik says.

In this video interview with Information Security Media Group, Karthik also discusses:

  • The latest anti-money laundering efforts in the banking industry;
  • Why many tools designed to tackle the problem are inadequate;
  • How financial institutions need to change their approach to fighting money laundering.

Karthik is a partner and leads the financial services sector within the Deloitte forensic practice in India. He is also the South Asia leader for financial crime compliance. Karthik has more than 20 years of experience in the financial services sector and has led a range of projects, particularly in the areas of risk and compliance.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing, you agree to our use of cookies.