Is China Doing Enough to Curb Money Laundering?

The video discusses the increasing costs of compliance in China and Asia, highlighting the challenges faced by banks in managing money laundering and understanding their customers. It emphasizes the importance of using technology and data to mitigate these costs and turn compliance into a business advantage. The video also explores the relationship between compliance and non-performing loans, and estimates the compliance costs in Asia to be around 1.5 billion USD, noting the complexity due to multiple regulations.

In what ways can banks turn the cost of compliance into a business advantage?

What complexities do banks in China face regarding regulations from other regions?