The AML Watchman

The world of AML has changed out of all recognition over the last decade. Old crimes are subject to new laws, professional firms and financial institutions are subject to criminal sanctions and regulatory review as never before. Yet the individual client has virtually no say over what various national governments and their competing departments are doing to their rights and liberties in their name. This blog attempts to address the dilemma posed by the question “Quis custōdiet ipsōs custōdēs?”

Tuesday 25 September 2018

As the Danske Bank AML disaster continues to snowball, so the regulators are turning up the heat on each other.

So at least one question has an answer, Who watches the the Watchman? The EBA apparently!

https://www.bloomberg.com/news/articles/2018-09-24/danske-money-laundering-scandal-leads-to-eu-probe-of-supervisors