The era of globalization and trends in modern banking

Solving the compliance problem in modern banking requires an integrated approach. First, banks must invest in training and developing their own employees to make them more competent in compliance matters. It is also important to use advanced technologies and analytics to automate monitoring processes and detect violations. https://www.theexeterdaily.co.uk/news/business/victor-orlovski’s-opinion-era-globalization-and-trends-contemporary-banking
Secondly, cooperation with regulators and international organizations is an important component of successfully solving a compliance problem. Banks must be willing to cooperate and share information to combat financial crime.