News

Proposed regulations from the New York State Department of Financial Services and guidance from the Central Bank of Ireland released this month should prod compliance officers to talk more about the growing elephant in the room: cybersecurity. While a recent spate of headline-grabbing cyberattacks - both financial and political in consequences - have already drawn the attention of IT and fraud departments, the role of anti-money laundering (AML) professionals in cybersecurity has yet to be determined at many financial institutions. Audience polling at the ACAMS moneylaundering.com conference in London in May indicated that 40 percent of respondents' financial institutions had...