Why is the collaboration between the public and private sectors so important, and what role does the private sector play in fighting financial crime? Mariano Federici, vice president at K2 Intelligence FIN, spoke with The Wall Street Journal about how the public and private sectors can work together more effectively to fight money laundering and terrorist financing. According to Mariano, working in a more cooperative, collaborative way with the private sector is a trend that continues to grow in jurisdictions around the globe.
In the Q&A, Mariano notes, “The private sector, particularly the large global financial institutions, have realized that they have a much greater opportunity to add value than what perhaps was originally thought. They have been trying to not just look at their customer, but their broader network.”
Read the full article in The Wall Street Journal (registration may be required).