New Survey Shows Financial Institutions Still Losing the War on Money Laundering
The survey, "Global Regulatory Outlook 2019: Are We There Yet?," answers its title's own question—we're only part way there.
May 29, 2019 at 06:22 PM
4 minute read
A new compliance survey of financial executives reveals that while most financial firms rated themselves as being effective at anti-money laundering, some 30% rated at least one of their anti-money laundering components as being either “not at all effective” or only “somewhat effective.”
The survey, “Global Regulatory Outlook 2019: Are We There Yet?,” answers its title's own question—we're only part way there.
The survey was released this week by compliance consultant Duff & Phelps, who polled financial executives online in March and April. Over 180 respondents from a range of countries and financial service sectors participated, including asset/wealth managers, private equity hedge funds and banks among the top three groups.
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