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Anti-money laundering not always priority in Asia: poll

But Asian banks face greater attention from regulators

Published Thu, Feb 13, 2014 · 10:00 PM
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[SINGAPORE] Anti-money laundering (AML) measures - despite the rhetoric - among Asian banks including those in Singapore are not always a priority issue, a survey has found.

But Asian regulators are stepping up their game and expect board directors to take an active role in managing AML risks, so banks need to address the issue more urgently.

While AML measures are an increasing priority for senior management across Asia, awareness and take-up still lag behind the global average, said KPMG's Global Anti-Money Laundering Survey 2014.

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