Private banks are no strangers to anti money laundering (AML) and ‘know your client’ (KYC) procedures; and so, with the industry still reeling from the 1MDB and Panama Papers affairs, are we to deduce that AML officers have been asleep at the wheel? It’s a fair question, according to David Pan, associate director, business solutions group at Accuity, who questions what…
BSI Singapore, 1MDB debacle raises questions over AML officer effectiveness
