Wolters Kluwer Launches AML Product in Taiwan
Banks looking for solutions as regulatory deadlines loom
Risk management, compliance and audit solutions provider Wolters Kluwer Financial Services has launched its OneSumX Anti Money Laundering (AML) solution for the Taiwanese market.
Michael Thomas, the company's China-based regional director for north Asia, tells Inside Reference Data that while Taiwan introduced money laundering and terrorist financing into criminal law some time ago, the country's banks have been generally slow to implement proper systems and controls.
In late 2014, Taiwanese
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