Spotlight Report - Supply Chain

AML and KYC Vulnerabilities

An in-depth look into the issue to help you to identify weaknesses in your existing compliance framework.

Supply chain and procurement leaders have a problem. They have built complex networks of suppliers to deliver the materials and services on which their businesses depend; yet each supplier in the network represents a potential exposure to criminal activity.

For supply chain executives – both at specialist procurement providers and those working in-house across all industries – the pressure is mounting.

KYC and AML are powerful complements to each other and important elements for supply chain businesses looking to protect themselves against fraud and financial crime. Both involve verifying the identity and legitimacy of individuals and organisations through rigorous checks. In itself, that makes it harder for criminals to operate. In addition, AML checks help to uncover the money trail, understanding where money comes from and how it’s spent so that organisations can ensure it’s not laundered through them.

In this industry report, we examine:

  • Where the supply chain may present AML and other risks
  • The regulatory environment
  • The international perspective
  • Complying with sanctions
  • How to ensure compliance with AML and other regulations

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