What’s wrong with AML?

Moody’s Talks: KYC Decoded

The recipe for a successful anti-money laundering program is seemingly simple on paper. But, in practice, getting the right ingredients is not so easy. Without efficiency, modern tools and technology, and a compliance-friendly culture, the final dish is likely to disappoint.
In this episode, host Alex Pillow welcomes Carl Kemmerer, Senior Product Manager at NICE Actimize. Carl brings a wealth of experience, having spent twenty years as an AML practitioner in international banking. This dynamic and comprehensive conversation includes Carl’s takes on how AML is going wrong today, including:

• Inconsistent methods of measuring risk across different banks
• The gap between AML expertise and AI expertise
• The lack of holding bad actors accountable and bringing real incentives for those going above and beyond
• Business cultures not prioritizing compliance across all departments

To learn more, visit the NICE Actimize website.
Curious about how to make AML changes in your organization? Check out our website, and feel free to get in touch – we’re happy to help.