| dc.contributor.advisor | Andrea Minto | |
| dc.contributor.author | Anja Bjørnsbråten Ildjarnstad | |
| dc.date.accessioned | 2023-09-16T15:51:59Z | |
| dc.date.available | 2023-09-16T15:51:59Z | |
| dc.date.issued | 2023 | |
| dc.identifier | no.uis:inspera:152010067:91550234 | |
| dc.identifier.uri | https://hdl.handle.net/11250/3089874 | |
| dc.description.abstract | Over the last decades, advancement in financial technology has led to a significant change in how financial institutions conduct customer due diligence (CDD) within anti-money laundering (AML) legislation. Technology has enabled for digital onboarding and has made it easier for such institutions to verify their customers identity and assess risk of money laundering or terrorist financing. This has also led to an increase in outsourcing as most aspects happens digitally and has introduced new risks and concerns. In correspondence, the AML directives must also develop to regulate new trends to prevent money laundering and terrorist financing. This thesis explores these new concerns and challenges concerning customer due diligence (CDD) within anti-money laundering (AML) legislation, by focusing on digital onboarding and outsourcing to external service providers. It highlights the current AML framework and its efficiency, the advantages and disadvantages with onboarding, and risks associated with outsourcing CDD activities to external service providers. | |
| dc.description.abstract | Over the last decades, advancement in financial technology has led to a significant change in how financial institutions conduct customer due diligence (CDD) within anti-money laundering (AML) legislation. Technology has enabled for digital onboarding and has made it easier for such institutions to verify their customers identity and assess risk of money laundering or terrorist financing. This has also led to an increase in outsourcing as most aspects happens digitally and has introduced new risks and concerns. In correspondence, the AML directives must also develop to regulate new trends to prevent money laundering and terrorist financing. This thesis explores these new concerns and challenges concerning customer due diligence (CDD) within anti-money laundering (AML) legislation, by focusing on digital onboarding and outsourcing to external service providers. It highlights the current AML framework and its efficiency, the advantages and disadvantages with onboarding, and risks associated with outsourcing CDD activities to external service providers. | |
| dc.language | eng | |
| dc.publisher | uis | |
| dc.title | The Changing Landscape of Customer Due Diligence in AML Legislation: Implications for Digital Onboarding and External Service Providers | |
| dc.type | Master thesis | |
