Sound system – integrated volume control for enterprise AML

Richard Malish is General Counsel at a leading financial crime software vendor. He has over 15 years of experience advising major financial institutions, broker-dealers and corporates on regulatory, M&A and technology matters. The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinions of the author’s employer. No legal or accounting advice is provided hereunder and any discussion of regulatory compliance is purely illustrative.

Mergers and acquisitions unaccompanied by full migration onto group systems and adherence to common standards leaves scope for inconsistencies, if not rule breaches, in individual operations. Regulators and investors are increasingly intolerant of head office oversight failures, which, Richard Malish argues, is set to drive review and renewal of anti-money laundering platforms to enable closer monitoring of each and every business unit.