An evolving industry

The challenge of managing money laundering risks in a global marketplace is one that demands a co-ordinated approach and a common understanding of evolving and emerging trends in both regulation and criminal activity.

It is important for any AML professional to recognise, develop and maintain a risk-based and comprehensive anti money laundering/counter terrorist financing framework to mitigate and prevent the threat. Understanding your customers (Customer Due Diligence) and responses such as reporting suspicious activity are also vital tools in your AML armoury.