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2017 Global Anti-Money Laundering and Sanctions Compliance Survey

By Sven Stumbauer | Managing Director |  New York | +1 (212) 845-4044 |  AlixPartners

AlixPartners 2017 global anti-money laundering and sanctions compliance survey explores how financial institutions are managing their compliance programs amid growing risk and heightened regulatory expectations.

At a glance

  • Although we may assume boards stay engaged, 20% of respondents do not provide training to their board or are unaware whether the board is being briefed.
  • Thirty-two percent consider their AML and sanctions compliance budget inadequate—or severely inadequate.
  • Transaction-monitoring systems continue to be top-investment areas for financial institutions.
  • Meaningful cooperation between financial institutions and regulatory bodies can reduce the likelihood of more record fines in the future.

Compliments of AlixPartners, a member of the EACCNY