Fraud and anti-money-laundering experts at Ernst & Young say the President’s Executive Order 13581 will affect a number of financial monitoring practices, especially those involving international transactions. “There’s opportunity for banks to think creatively in terms of really looking at transactions that might create a hit on some sort of watch list,” says David Nussenbaum, who leads E&Y’s fraud control advisory and implementation practice. “A hit on a sanctions list could lead to a variety of different reactions and counter measures,” he says.”]
Source: https://www.cuinfosecurity.com/tackling-organized-crime-a-4604