4 ms·

This is the fundamental contradiction at the heart of anti-money laundering compliance, and it's part of the reason I left the field. Part of government wants F

This is the fundamental contradiction at the heart of anti-money laundering compliance, and it's part of the reason I left the field. Part of government wants FIs to shut down accounts / transactions, the other wants to essentially wire tap them. Anyone on the front line of AML work gets stuck in the middle and often has to do the wrong thing as a form of CYA.

octoberfranklin 4y ago
Like the CIA and DEA working against each other...
sph 4y ago
Care to expand any of those acronyms?
- mschuster91 4y ago
  AML = anti money laundering CYA = cover your ass
  - echelon 4y ago
    FI = financial institution
    - FranksTV 4y ago
      SPIPOPD = Smashing Pumpkins Into Piles of Putrid Debris
      - echelon 4y ago
        I didn't spot that one in the original text, but thanks.
imtringued 4y ago
Shut them down, wire tapping is immoral.