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AML Officers Should Embrace Coming Regulations, Says Former ABN Amro Compliance Chief
printAs the compliance expectations of European regulators grow, banks should proactively move to adopt future changes outlined in proposals for the EU's Fourth Money Laundering Directive, according to Nico Zwikker, the former global head of compliance at Amsterdam-based ABN Amro Bank. To do so, banks should focus foremost on their know-your-customer programs, said Zwikker, who argued that anti-money laundering (AML) compliance departments should centralize their efforts to help shape their institutions' values. Zwikker, who will speak next week at the ACAMS 9th Annual AML & Financial Crime Conference in Amsterdam, spoke with reporter Larissa Bernardes about the proposed directive as...
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