While researching a recent moneylaundering compliance project, it became clear that, even after three years of practical exposure to the Money Laundering Regulations, there was still a disparate crosssection of attitudes towards the law and its implementation, among those men and women appointed to the role of Money Laundering Reporting Officers MLROs. Recognising that it is the responsibility of these individuals, to ensure a willing and uniform compliance with the law on behalf of their employing institutions, it was felt that the time was right to conduct a survey, not of their direct understanding of the Regulations, of which it was accepted they would all have a good knowledge but of their appreciation of some of the peripheral aspects of the rapidly developing impact of international moneylaundering law. The aim was to examine their attitudes towards specific aspects of ensuring the provision of good compliance, and to ascertain whether there were any other areas of compliance in which further training was particularly identified as being necessary.
Journal of Money Laundering Control – Emerald Publishing
Published: Jan 1, 1998