The task of complying with anti money laundering regulation has never been so complicated. The collection, analysis and management of client data to meet regulatory demands and find hidden risk has become an increasingly complex and laborious task. Automation will help to reduce some of the burden of the task, yet the growing role of technology in compliance brings is own set of challenges.
Martin Wood, the Head of Financial Crime for Thomson Reuters, chats with Khaled Alhuneidi and Adrianus Schrool, both of whom are AML specialists and lawyers with Allen & Overy in Dubai, about the future of AML and the challenges of data management.