An AML Wake-Up Call for Financial Markets
In recent months, leading investment banks have been hit with hefty fines for insufficient AML controls.
Historically, the broker-dealer market has received less regulatory pressure through fines, and thus less investment in areas of anti-money laundering (AML). And it’s not just broker-dealers; its also banks in general with investment banks and capital markets divisions. But the tables are turning.
Read the full article in Banking Exchange.