Making sense of it all – information management

How do you ensure that your institution is equipped to meet the challenges of information overload? Mary Bhawnani and Andrew Barnes of AML Risk Management Ltd, explore some of the difficulties in this area and offer some ideas on how to be effective .

Mary Bhawnani & Andrew Barnes are the Managing Directors of AML Risk Management Ltd. Formerly AML Compliance practitioners in the banking industry, they have experience in financial crime risk management, regulation and law enforcement. Visit www.amlrm.com. Contact tel: +44 (0)7941 428286 or email: mail@amlrm.com

Those of us who have worked in the field of anti-money laundering/counter financing of terrorism (AML/CFT) risk management for a number of years have learnt that you may implement the most effective detection and prevention tools that money can buy, but if you are not able to manage the critical information which they generate, you run greater risk – regulatory, legal and reputational - than if they had not been implemented in the first place.