2018 Thomson Reuters Anti-Money Laundering Insights Report

In May 2018, the Financial Crimes Enforcement Network’s Customer Due Diligence Requirements for Financial Institutions became effective. Three months later, Thomson Reuters partnered with ACAMS to conduct a detailed survey of over 250 anti-money laundering compliance leaders. The survey examined processes, challenges, and strategies financial institutions use to meet evolving “know your customer” requirements. Access your copy of the Thomson Reuters AML Insights Report 2018 for an in-depth look into the following:

The Thomson Reuters AML Insights Report 2018 explores the impact the CDD rules have had – and will continue to have – on the operations and practices of financial institutions. It also covers how organizations are addressing regulatory disruption by aligning on best practices for rule compliance, and how they are doubling down on new processes, enhanced technology, and staff training in the post-CDD world. The report also delves into challenges faced by compliance teams, such as balancing thorough due diligence with operational efficiency, adapting to increasingly complex regulatory frameworks, and integrating advanced analytics and automation tools to improve risk assessment and monitoring. By providing valuable insights, the report helps financial institutions better prepare for ongoing regulatory changes while maintaining strong defenses against financial crime. Additionally, it highlights the importance of cross-departmental collaboration and continuous improvement to stay ahead in an evolving AML landscape.