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ARTICLE · 08 FEBRUARY 2023

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Converging AML Into ESG

KPMG Malta
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With ESG becoming more of a mainstream and gaining more importance throughout these last few years, the time has finally come for AML professionals, to re-evaluate their duties through the lens of ESG risk.

MaltaGovernment, Public Sector
Deborah Cassar
Deborah Cassar
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With ESG becoming more of a mainstream and gaining more importance throughout these last few years, the time has finally come for AML professionals, to re-evaluate their duties through the lens of ESG risk. It is often assumed that there is little in common between the worlds of AML compliance and ESG, but the truth is, that there is more similarity than we think, between the two areas.

So, what is ESG after all?

ESG, which stands for Environmental, Social and Governance is used to assess how advanced, countries and companies are with sustainability. Sustainability is defined as fulfilling the needs of current generations without compromising the needs of future generations. In 2015, the United Nations adopted the 17 Sustainable Development Goals which form part of the 2030 Agenda for Sustainable Development and which are designed to be a blueprint for peace and prosperity for people and the planet, now and into the future as noted by United Nations itself.

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