Survey: Only Half of Banks Report Culture of AML Compliance

Worried about your anti-money laundering (AML) program? You're not alone. While the regulatory heat is turning up on AML  compliance, a new survey finds that only half (48%) of respondents say their bank has a “strong culture of compliance” in AML, with the top identified impediment being gaps in their banks’ AML strategy, with 47% calling it their most pressing concern for the next 6-12 months. [6/20/14]