AML Cases Emphasize the Need for Automation, Targeted Risk Assessment
BD Week
2/8/2010
"Seriously consider automating the transaction-monitoring component of your AML program if you haven't done so already. Also make sure your risk management program is truly tailored to your risks. Know your customers, especially any who are trading penny stocks. A 'cookie-cutter' approach that doesn’t apply to your firm’s risks won't cut it with regulators."
Mintz Levin attorney Steve Ganis was quoted in the February 8 issue of BD Week, in "AML Cases Emphasize the Need for Automation, Targeted Risk Assessment."
To read the article in full, click here.
