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Meshing AML Systems, Data a Critical Component of Any Bank Merger
By Brian Monroe
printThe winner of a heated competition to buy ABN Amro in what is expected to be the world's largest banking acquisition could find itself in another high stakes battle when the bidding war is over – convincing regulators the new, merged institution is in strict compliance with anti-money laundering laws and regulations. Either United Kingdom-based Barclays PLC or a consortium led by Royal Bank of Scotland – both of which have submitted bids for Netherlands-based ABN Amro – will also shoulder its AML responsibilities, which experts say could be the most harrowing part of that or any merger. At an...
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