Anti-Money Laundering MasterClass with Stephen Platt, Chairman and Chief Executive of KYC Global Technologies - Performance - Ecoaustral.com

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Anti-Money Laundering MasterClass with Stephen Platt, Chairman and Chief Executive of KYC Global Technologies

5 oct 2017 | PAR La rédaction
« AML Compliance is a choice »– this was Stephen Platt’s message to the 200 members of the audience of his MasterClass. - DR
« AML Compliance is a choice »– this was Stephen Platt’s message to the 200 members of the audience of his MasterClass. « Just because your firm has not been caught in a money laundering scandal does not mean that it’s not happening to you. The question is whether the cost of your compliance is more important that the cost of your reputation ». 

This conference hosted by Temple Professionals Ltd challenged the average compliance officer’s notion of money laundering and highlighted the difficulties of gathering and managing information.
 

Mr. Platt’s engaging presentation warned financial service institutions that a weak risk governance structure would expose them to abuse by money-launderers and that the threat is not  a negligible one. - DR
Mr. Platt’s engaging presentation warned financial service institutions that a weak risk governance structure would expose them to abuse by money-launderers and that the threat is not  a negligible one. - DR
 

The tendency of institutions today is to invest more in people rather that a structured  compliance framework. Although having the right personnel is important, being able to provide those people with the right tools to sift through  information should become a key consideration of any risk governance structure. The intelligent use of data has become one of the most pressing concerns to enable good decision making for businesses. The compliance function plays a key role in providing and being able to dissect the relationship between commercial interest  and risk appetite. Mr. Platt has shared his belief that compliance should not only be practiced by compliance officers but that all employees of a company should take ownership in respecting any compliance procedure.
 

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Maurice

Anti-Money Laundering MasterClass with Stephen Platt, Chairman and Chief Executive of KYC Global Technologies

This conference hosted by Temple Professionals Ltd challenged the average compliance officer’s notion of money laundering and highlighted the difficulties of gathering and managing information.   Mr. Platt’s engaging presentation warned financial service institutions that a weak risk governance structure would expose them to abuse by money-launderers and that the threat is not  a negligible...