Fintelekt is a specialist in research, training and advisory services in Anti-Money Laundering and Countering Terrorist Financing. In their latest Fridays with Fintelekt episode, our Alma M. Angotti shares:
Learnings from her long career spanning regulation, advisory and law enforcement
The ‘tone from the top’, building a culture of AML/CFT compliance, and reinforcing this across levels within the organization
Understanding where the breakdown in compliance usually happens
The challenges that regulators are facing and what might be required to create a more effective system bearing in mind recent incidents such as the FINCEN leaks
Systemic deficiencies caused by current regulatory approaches at financial intelligence units and possible solutions
Best practices that banks and other reporting entities should follow when dealing with regulators and law enforcement agencies
Advice to the compliance community to ensure that they can still be effective and efficient at their jobs.