News

In the hours and days that followed the devastating earthquake in Haiti, little thought was paid to anything but rescuing those trapped and caring for survivors. But as the dust settled, financial institutions on the ground had to contend with one of the country's lesser troubles: anti-money laundering compliance. As banks and money services businesses have re-opened in Haiti, the jobs of anti-money laundering (AML) professionals on the ground and their counterparts abroad have been fraught with challenges. At times, they have had to find creative ways to comply with regulations in order to hand over much needed cash to...