Today’s financial compliance environment in many ways mirrors the dynamic, hyperspeed and often confusing world in which we all live. It is often difficult to gain a clear perspective of the ultimate goal of our profession. The most clear-cut position is that anti-money laundering...

With so many regulatory enforcement actions impacting America’s corporate landscape today—especially citing failures to comply with anti-money laundering (AML) requirements—has anyone asked, “Where were the auditors?” A bank’s internal, independent audit function is the last line of defense before regulators and law enforcement, and...