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.