Global anti-money laundering survey

Combating money laundering and terrorist financing continues to be a major challenge for the financial sector. A recent Global AML Survey built on the findings of a previous survey, and explored the range of challenges that banking institutions face in complying with global AML requirements. Participating banks were drawn from the top 1,000 global banks by tier 1 capital. The caliber of respondents was high, with job titles ranging from Group Money Laundering Reporting Officer (MLRO) to Head of Legal and Head of Risk.

The survey covered the following ten topics.

• The role of senior management in AML issues
• The costs of AML compliance
• AML policies and procedures
• Formal monitoring of AML systems and controls
• Taking a risk-based approach to ‘Know Your Customer’ activity
• Politically Exposed Persons
• Transaction monitoring
• Training
• Attitudes towards regulation
• Sanctions compliance

You can retrieve the full survey publication by double-clicking AML Survey 2007.