US banker sentenced for failing to implement proper AML programs


The monetary fines and individual convictions for failing to implement proper Anti Money Laundering compliance programs and to properly explain them to employees are increasing. These are major shifts in the way regulators view the importance of proper compliance.

What is also changing: It is not only the company that is liable, but increasingly so the individual people. Latest example: in the US, a banker was sentenced for failing to implement proper AML programs. Read more here.

Time to rethink fundamentally how to do AML compliance training? Time to move from the old way of training and embrace gamification for better understanding and retention of the compliance processes?

For those who want to continue focussing on growing the business instead of paying fines and worrying, the answer is clearly - "Yes!"

Start improving compliance and reducing risks today.

Take action now and request a demo.