The world's biggest banks find monitoring for suspicious activity "ineffective". In a "True Risk-Based Approach", the group now proposes access to customer social media, IP addresses, and device IDs.
![Banks Find AML "Ineffective", Propose Access to Social Media](https://img.easybranches.com/uploads/news/2024/07/14675801.jpg)
The Wolfsberg Group, an association of Banco Santander, Bank of America, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, MUFG Bank, Standard Chartered Bank and UBS, has issue… [+3771 chars]