Latin American banks face tough challenges in 2008

BRAZIL - Latin American banks will struggle with a range of regulatory challenges in 2008 say experts.

Banks are already feeling pressure on their know-your-customer (KYC) systems, but are reluctant to spend money on improvements, especially after the recent downturn in global credit markets. Latin American banks are heavily exposed to the US economy.

Anti-money laundering rules have already made the costs of regulatory compliance soar. Money transfer operators and financial institutions often have to devote as much as 65% of their time and personnel to compliance. As the US crisis has deepened

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here