Staying Ahead of the Curve on AML Compliance
Anti-money laundering (AML) regulations and the complianceprocess have become more complex over the years for financial institutions. Identifying suspicious or criminal activity is important to each institution’s operations. Institutions’ AML programs have continued to mature and, concurrently, the expectations of regulators have increased. As financial institutions develop more sophisticated methods to identify suspicious transactions and sanctions violations, new areas of interest have been raised in examinations.