Episode Details

This podcast episode of The Compliance Officer’s Playbook details the crucial role of compliance officers in combating money laundering. It explains the three stages of money laundering (placement, layering, integration) and outlines the key functions of compliance officers, including developing and implementing AML programs, monitoring for suspicious activity, reporting suspicious activity, and providing ongoing training. The episode also addresses the challenges compliance officers face, such as increasingly sophisticated money laundering schemes, balancing compliance with customer experience, and navigating differing global regulations. Ultimately, the podcast stresses the importance of vigilance and adaptability in maintaining financial integrity.