Budget Crunches, EU Directives, Knowing Your Employee Will Loom Large in 2008, AML Experts say

Fortent January 2, 2008

Now that the confetti has settled and the kazoos have been packed away for next year’s parties, anti-money laundering compliance officers are asking themselves questions about what lies ahead. Will Congress enact transaction reporting reform? What concrete steps will the Financial Crimes Enforcement Network and the Treasury Department take to reduce burgeoning AML compliance requirements? Will the shift in regulatory attention toward mortgage lending issues encourage financial institutions to slash their AML compliance budgets? Read More.