United States:
Anti-Money Laundering Enforcement: The Rise Of Individual Liability For Compliance Professionals
22 December 2016
WilmerHale
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Individual AML compliance officers appear to be increasingly
threatened with liability for failure to detect and prevent
wrongdoing at their financial institutions. After setting out the
key elements of the current regime of AML regulation, the authors
describe the current trend as it has emerged in public statements
from regulators, recent AML enforcement actions, and regulatory
developments. They conclude with program suggestions to reduce risk
for compliance professionals and their employers.
Click here to continue reading
Originally published by The Review of Securities &
Commodities Regulation, December 2016
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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