Anti-money laundering has climbed to an all-time high on the radar screen of senior management, according to KPMG International’s 2014 AML survey.
The consulting firm said the 88 percent of respondents who said AML issues are at the top of their agenda was the high mark in its decade of conducting similar surveys, and a sharp increase from the 62 percent in 2011 who listed AML as a top priority. The survey, conducted in November, was based on responses from 317 AML and compliance professionals in top banks around the world, and KPMG AML contacts in 40 countries. A little more than a quarter (27 percent) hailed from Western Europe, with another 11 percent from Russia, Central or Eastern Europe.
