AML falls in priority as firms focus on capital and credit risk, says report

Reuters

Ajay Shamdasani

Anti-money laundering compliance has been pushed to a lower priority level among firms in the financial services sector because of continuing uncertainty over capital and credit risk in the U.S. and Europe, research has found. The KPMG Global Anti-Money Laundering (AML) Survey 2011, issued this week, pointed out that boards of directors were taking less note of AML issues than previously.

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