Banks need to know which countries are deemed to be at risk, which countries have weak levels of compliance. Sharing intelligence within your organisation is critical; often your cyber team will know information that is incredibly valuable to your fraud team, or vice versa. Insider crime is a real threat and being able to quickly identify when staff activities deviate from normal behaviour is critical in the fight against this, says Nick Ryder, Professor in Financial Crime at the University of the West of England. The problem is that as security systems develop, creative criminals will find new ways to disguise their dealings.”]
Source: https://www.cuinfosecurity.com/blogs/dont-forget-basics-kye-means-kyc-p-2829