Financial institutions: More clarity on Anti-Money Laundering Changes

Last year, U.S. regulators proposed amending U.S. anti-money-laundering rules to give financial institutions greater flexibility in the way they allocate resources within their compliance programs. While financial institutions supported these proposals, a newly published survey of compliance professionals found out that the majority of compliance professionals think that detail is needed on what constitutes an effective compliance program. A new article of the Wall Street Journal presents and summarises the results of the poll and lets experts classify the results of the survey.