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Knowing Key BSA Problem Areas Can Help Bankers Sidestep Regulatory Nightmares
By Selina Roman
printWilliam Langford says he kept a relaxed attitude about compliance examinations when he was an associate director of the U.S. Treasury Department's Financial Crimes Enforcement Network. But now that he works for one of the country's largest financial institutions, he has a different perspective. "I panic at least 10 times a week," said Langford, senior vice president and director of global anti-money laundering (AML) at JPMorgan Chase. Although some nervousness may be unavoidable, AML and compliance professionals need not tremble at the thought of regulators and examinations, Langford said Wednesday at an anti-money laundering conference in Hollywood, Fla. Langford joined...
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