Global AML survey results 2016

850

April 2016

Dow Jones Risk and Compliance, in conjunction with the Association of Certified Anti-Money Laundering Specialists (ACAMS), surveyed 812 respondents around the world to (1) assess the current regulatory environment, (2) deepen understanding of client-screening processes, content and systems and (3) explore emerging issues. In 2016, the trend continues as Anti-Money Laundering (AML) professionals cite increased regulatory expectations and enforcement of current rules as their greatest challenge. This is followed by concerns regarding a shortage of trained staff. These challenges translate to increased personal workloads and comparable portions predict increases in department workloads in the coming year. The regulations most responsible for increased workloads are FinCEN’s Proposed Beneficial Owner Rules, followed by FATCA, other tax evasion legislations and the Fourth EU Anti-Money Laundering Directive.