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Home | Data Quality Solutions | Sanctions & PEP Screening | Money Laundering Misconceptions: The 7 Myths Every MLRO Should Know
Money Laundering Misconceptions: The 7 Myths Every MLRO Should Know
If you work for a financial services institution, there’s an 85% chance that right now your company is breaking the law. Whilst no respectable financial institution or employee wants to deliberately breach legislation, as any lawyer will tell you, ignorance of the law is not a defense – especially when it’s a fundamental part of your job.
A surprising number of MLROs make assumptions about legislation and unknowingly infringe it, leaving themselves open to serious risk and exposure. Most of these assumptions stem from seven myths about anti-money laundering measures.
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