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Looking Ahead in 2010, Industry Leaders Say Budgets Will Be Tight, While Duties Increase
printWe never said compliance professionals had it easy, and 2010 doesn't look to be a year when things will be any better for the anti-money laundering and counterterrorism financing industry. While it's still early to say whether closed purse strings will be loosened again, many compliance staffers believe the year ahead will see budgets remain flat. That doesn't mean there will be a shortage of new challenges, or even new regulatory demands, as U.S. lawmakers weigh considerable financial reform in response to the subprime mortgage crisis. Queried by moneylaundering.com/Compliance Advantage staffers in the last weeks of 2009, industry leaders told...
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