ARTICLE · 10 DECEMBER 2021
How Regulated Firms Can Successfully Navigate The AML Landscape
If you have spent any time working in the regulated sector, then you will know that the demands placed on firms regarding their anti-money laundering (AML) and financial crime procedures are increasing year-on-year.
JerseyGovernment, Public Sector
If you have spent any time working in the regulated sector, then
you will know that the demands placed on firms regarding their
anti-money laundering (AML) and financial crime procedures are
increasing year-on-year. So, what is driving the increase in
AML and financial crime supervision and what are the potential
solutions for firms trying to navigate all the
requirements? Newgate Compliance's Joe
French, Head of Financial Crime, and Shazad
Khan, Consultant explain.
We only need to look at the enormous £320m fine and
criminal charge NatWest recently received for money laundering
failings to see the zero tolerance direction regulators are moving
in.
So, what is driving the increase in AML and financial crime
supervision? There are several key factors to consider:
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