• Service: Advisory, Risk Consulting, Forensic, Tax
  • Industry: Financial Services
  • Type: Survey report
  • Date: 1/29/2014

Senior management focus on the rise 

Senior management interest in Anti-Money Laundering (AML) compliance has increased again since the decline during the financial crisis, with money laundering risks given regular and formal attention at Board meetings. Regulators have certainly done their part in raising the profile of AML with no shortage of fines being issued for failures to maintain adequate AML controls and, placing pressure on senior management to prevent further failings.

Eighty-eight percent of respondents stated that the Board of Directors takes an active interest in AML issues; this is an increase of 26 percent from the 2011 result.

 Chart 1


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