UK bribery convictions prompt business soul-searching; and innovation in US AML practices
For years, financial regulators in the US have urged banks and other financial institutions to experiment with new products to help combat money laundering and other illicit financial activity. And they have increasingly done so. So, why the enthusiasm for automation in anti-money laundering practices? Also on this week\u2019s podcast: the UK bottling businesses that found themselves on the wrong side of the Bribery Act. The take-away from it all wasn\u2019t just that managers should watch out for corrupt behavior, but that if they don\u2019t enforce and promote their internal safeguards, they could wind up in court.