AML Culture : The Good, Bad And Ugly – Post Webinar Summary

Following on from the webinar hosted by Baker Regulatory, the Jersey headquartered regulatory experts, discussing the thorny topic of "How Do You Assess Your AML Culture?" below is a summary of the topics discussed.

While the main topic of the webinar was how firms can "measure" their AML/CFT/CPF culture there was a lively discussion around compliance culture, both the good and the bad.

The webinar was inspired by the Jersey FSC, who are one of the first regulators to specifically flag culture as a route cause of poor AML/CFT/CPF conduct as well as identifying 16 "red flags".

Key Indicators of AML Failure

A slido poll showed a range of indicators of poor AML/CFT/CPF conduct, the main ones being: