Finance Focus INANCE FOCUS

In this month’s Finance Focus we’re taking a look at Anti-Money Laundering, a subject that has remained especially prominent in recent years and continues to draw significant commentary.

In this instance, we will be examining AML in both the USA and the UK, featuring two specialists in their respective jurisdictions.

Teresa Pesce, KPMG’s Head of AML Services for the Americas Region, tells us how the fight against money laundering is changing. “Regulatory authorities have enhanced expectations, and thus to meet those expectations firms must deploy a tailored and targeted program staffed with able, knowledgeable professionals.”

Alison Matthews, renowned AML expert and founder of Alison Matthews Consulting, tackles how to manage the risk of money laundering. She states that “Robust systems and controls together with regular practical/effective training for employees will help a business to manage the risks. However, unless there is clear leadership and commitment from senior management, with a good compliance culture, the systems will not be effective.”

Do you think that we are winning the fight against money laundering? Tweet us @Finance_Monthly with #AML to let us know.

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