ManchesterCF Analytics is circulated to clients and industry professionals to provide insight into the complex world of anti-money laundering and anti-terrorist financing. Our Analytics reports are frequently referenced in leading governance and regulatory publications and feature insights into, and analysis of, the latest trends in compliance and crime.
Adding to the Quiver
Convincing senior leadership within a financial institution to properly resource the anti-money laundering (AML) compliance function is frequently a frustrating battle, often resulting in failure. Chasing after scarce budget dollars to mitigate the risks of money laundering, terrorist financing, financial fraud, proliferation financing, bribery and corruption, and other financial crime is not an undertaking for the meek or faint of heart.
A mere handful of people can cause tremendous financial and regulatory damage to a financial institution’s capital markets business. Setting a corporate culture of ethical behaviour through leadership by example and comprehensive training is not only a common-sense approach but one that will prevent a financial institution from sliding into problems that cost in excess of $100m.