Podcast: Banks Double Down on AML Compliance

Ivan Garces, CPA | Featured in Compliance Week | November 12, 2014

A new survey by accounting firm Kaufman Rossin offers insight into how banks plan to invest in compliance programs in the year ahead. It found that many (42 percent) are planning sizeable increases to their budget for anti-money laundering efforts over the next 12 months; 33 percent plan to increase staffing and invest more in training to improve oversight of their AML and sanctions compliance programs.

In this week’s podcast, we talk to Ivan Garces, a risk advisory services principal at the firm, about the evolving risk landscape banks face and how it is driving greater investment in their compliance programs.

Ivan Garces, CPA, is a Chief Risk Officer, Risk Advisory Services Practice Leader at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.