A report prepared by Alix Partners
Our 2017 global anti-money laundering and sanctions compliance survey explores how financial institutions are managing their compliance programs amid growing risk and heightened regulatory expectations.
At a glance
- Although we may assume boards stay engaged, 20% of respondents do not provide training to their board or are unaware whether the board is being briefed.
- Thirty-two percent consider their AML and sanctions compliance budget inadequate—or severely inadequate.
- Transaction-monitoring systems continue to be top-investment areas for financial institutions.
- Meaningful cooperation between financial institutions and regulatory bodies can reduce the likelihood of more record fines in the future.