In a recent Wall Street Journal article, “Financial Institutions Want More Clarity on Anti-Money-Laundering Changes,” Managing Director and financial crimes expert Larry Iwanski provides perspective on the desire from anti-money laundering (AML) professionals for more clarity around regulator expectations for AML rules and effective compliance programs. Larry says, “People want to know from regulators a clear path of what they need to do.”

A recent Association of Certified Anti-Money Laundering Specialists report “ACAMS Compliance Effectiveness and Risks Survey”, published in February 2021, indicated that over three-quarters of survey respondents would welcome periodic issuance of national AML priorities by a government body. In particular, risk assessments were a key topic that survey respondents would like to see more regulator clarity around.

Read the full Wall Street Journal article here.