A non-US bank launching a presence in the United States must ensure that its anti-money laundering (“AML”) policies and procedures meet the many US AML requirements, including comprehensive compliance programs, suspicious transaction reporting, and due diligence on prospective customers.

In the latest edition of Norton Rose Fulbright’s Business ethics and anti-corruption: Asia Pacific insights, Kathleen Scott of the New York office and Kayla Feld of the Singapore office discuss the impact of increased regulatory scrutiny regarding money laundering globally and explore the regulatory requirements with which a non-US bank must comply when establishing offices or subsidiary banks in the United States.