
Validation: The Pièce de Résistance of Anti-money Laundering
Just as a high-end kitchen can't produce a culinary masterpiece on its own, even the best anti-money laundering monitoring system in the world can’t guarantee effective AML. No matter how good the system is, AML is a much more involved matter than simply determining what is noise and what is not; it requires documentation, research, and quality control. [9/7/16]