Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Global anti-money laundering survey 2014.
Saturday, 8th February 2014
Source : KPMG International
 

How is the Financial Services industry rising to todayís global anti-money laundering challenges?

Throughout the last ten years, financial institutions have ridden the highs, and plunged to the lows of the economic cycle. Despite these dramatic changes in the business environment, Anti-Money Laundering (AML) has remained a key focus area.

In fact, AML has never been higher on senior managementís agenda, with regulatory fines now running into billions of dollars, regulatory action becoming genuinely license threatening, and threats of criminal prosecution against banks and individuals.

Financial institutions are making significant changes in response to regulatory action and increasingly far-reaching global AML regulations, changing the AML scene from a standalone function under compliance, to an increasingly complex and overarching function cutting across legal, risk, operations and tax. Strong AML processes and controls are at the heart of inter-dependencies and linkages within a global organization.

The Global Anti-Money Laundering Survey 2014 explores the ways in which organizations are preventing, detecting, and responding to AML compliance risks. The survey was deployed in November 2013 and distributed to AML and compliance professionals in the top 1,000 global banks in 48 countries, garnering responses from 317 participants.

4Hoteliers Image Library

A survey targeting AML and compliance professionals in the top 1,000 global banks with a view into emerging trends and industry perceptions on AML.

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Related News  (Click title to read article)
Marketing Fact: Over 70% of marketers (still) got it wrong in 2013.
Industry forecast for 2014.
How do you know you've made it?
ITB World Travel Trends Report 2013/14.
 Latest News  (Click title to read article)
TripAdvisor travel app reaches 100 million downloads
Saturday, 19th April 2014

Holiday Inn M4 Jct 4 refurbishes double-standard bedrooms
Saturday, 19th April 2014

Facebook and Twitter - Nothing there says Priceline
Friday, 18th April 2014

JW launches experience-driven CUR8 App for travelers
Friday, 18th April 2014

Global training spending finally growing again - Part 1
Friday, 18th April 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy