Financial crime compliance: joining up the dots | Practical Law

Financial crime compliance: joining up the dots | Practical Law

Recent regulatory actions against financial institutions in relation to anti-money laundering and sanctions compliance have heightened the focus on financial institutions to prevent themselves being used to facilitate financial crime. But in addition to regulatory risk, financial institutions are highly exposed to litigation risk where criminals and fraudsters use them to launder the proceeds of their wrongdoing.

Financial crime compliance: joining up the dots

Practical Law UK Articles 0-617-5098 (Approx. 5 pages)

Financial crime compliance: joining up the dots

by Sunil Gadhia and James Brady, Cleary Gottlieb Steen & Hamilton LLP
Published on 23 Jul 2015
Recent regulatory actions against financial institutions in relation to anti-money laundering and sanctions compliance have heightened the focus on financial institutions to prevent themselves being used to facilitate financial crime. But in addition to regulatory risk, financial institutions are highly exposed to litigation risk where criminals and fraudsters use them to launder the proceeds of their wrongdoing.