
When Executives Tell the BSA Team to Shut Up
The Florida BSA/AML team sounded repeated alarms about a potential money-laundering pipeline, but the response they got from executives was to shut up, focus on the transaction in front of them, file their paperwork, and move on. The billions kept flowing. Then it hit the fan. Key takeaway: don't ignore your BSA/AML team's warnings. [4/3/19]