Budget Crunches, EU Directive, Knowing Your Employee Will Loom Large in 2008, AML Experts Say

By Brian Orsak and Brian Monroe

Corrections Appended Now that the confetti has settled and the kazoos have been packed away for next year's parties, anti-money laundering compliance officers are asking themselves questions about what lies ahead. Will Congress enact transaction reporting reform? What concrete steps will the Financial Crimes Enforcement Network and the Treasury Department take to reduce burgeoning AML compliance requirements? Will the shift in regulatory attention toward mortgage lending issues encourage financial institutions to slash their AML compliance budgets? Fortent Inform reporter Brian Orsak and reporter Brian Monroe asked some leading experts to identify the biggest issues that confront AML and counter...