ACAMS Speakers Say It’s Not Just About AML Anymore: Editor’s Notebook

By Kieran Beer

At least a couple of the federal regulators demanded it, and the anti-money laundering chiefs who spoke at the ACAMS 7th Annual Money Laundering Conference in Las Vegas last week agreed: AML departments must play a greater role in uncovering mortgage and other types of fraud. It's not everyday that the representatives of the four major banking regulators and AML professionals share an enthusiasm. The confluence of aims reflects the fact that loan losses are currently the regulators' number one headache, and AML chieftains want to prove to their institutions they can be part of the solution. Fundamentally, AML professionals...