Weekly Roundup: Turkey to Implement Syria Sanctions, Hong Kong Prepares AML Measures, FinCEN Seeks Comment on MSB Registration Form, And More

Compliance officers and business professionals can expect regulators to heavily focus on money laundering, terrorist financing and other related issues in the next five years, according to poll results released Wednesday by New York-based Deloitte, an audit and consultancy firm. Instances of corporate fraud, anti-money laundering (AML) and corruption are likely to result in highly publicized prosecutions or enforcement actions in the next few years according to 35 percent of the poll's respondents. And, over 47 percent of those surveyed at 1,340 financial institutions and other businesses believe that higher compliance costs are the direct result of AML and anti-corruption...