SWIFT AND DOW JONES SAY AML REGULATIONS BURDEN IS GROWING
May 1st, 2017
THE BURDEN imposed on companies and public sector organisations worldwide by anti-money laundering and combating the financing of terrorism (AML/CFT) regulations is growing and becoming increasingly onerous say payment service SWIFT and publisher Dow Jones.
These comments come in their 2017 Global Anti Money Laundering Survey of more than 500 AML professionals. Of these, 69% anticipated that their AML/CFT regulatory burden would rise this year compared to 2016, with 64% saying compliance challenges posed by existing rules would grow. Meanwhile, 42% said having ...
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