It is no surprise, therefore, that while there is continued recognition of the importance of AML, many banking leaders have been preoccupied by issues such as capital and liquidity, credit issues, impairments, financial stability and stakeholders’ demand for data, not to mention the very survival of their institutions.

Banks operating in multiple jurisdictions are making significant changes to their business models in response to the far-reaching global initiatives – such as those regulations imposed under Basel III and Dodd-Frank – that are changing the landscape they face.

In an environment of cost control, centered on preserving capital and prioritizing investment of precious resources on frontline business development, calls for a greater focus on AML can be a difficult sell.

This survey explores where AML fits into the changing risk and regulatory landscape. It reports the views of the survey participants on their areas of focus and challenge, and contains commentary from KPMG on what our client work tells us.

Download Global Anti-Money Laundering Survey 2011- How banks are facing up to the challenge

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