We recently completed our global anti-money laundering (AML) and sanctions compliance survey that involved discussions with senior financial services executives.

Our global analysis covers 375 participating financial institutions from 77 countries.

Our initial analysis indicates several key trends:

  • regulatory pressure on AML and sanctions compliance was significant in 2019 and is expected to continue increasing in 2020;
  • financial institutions are continuing to struggle with adequate funding for AML and sanctions compliance; and
  • while certainly engaged, boards, exhibit some “fatigue” on those topics and don’t always receive sufficient briefings and tailored training to aid them in defining the overall risk appetite and strategic direction of the institution.

To receive a  copy of our global survey please contact Sven Stumbauer.