Anti-Money Laundering MasterClass with Stephen Platt, Chairman and Chief Executive of KYC Global Technologies
This conference hosted by Temple Professionals Ltd challenged the average compliance officer’s notion of money laundering and highlighted the difficulties of gathering and managing information.
The tendency of institutions today is to invest more in people rather that a structured compliance framework. Although having the right personnel is important, being able to provide those people with the right tools to sift through information should become a key consideration of any risk governance structure. The intelligent use of data has become one of the most pressing concerns to enable good decision making for businesses. The compliance function plays a key role in providing and being able to dissect the relationship between commercial interest and risk appetite. Mr. Platt has shared his belief that compliance should not only be practiced by compliance officers but that all employees of a company should take ownership in respecting any compliance procedure.