Anti-Money Laundering (AML) compliance is steadily draining expertise from the pool of available resources with increased regulatory expectations seen as the biggest resourcing challenge in the years ahead. Shortages of trained staff and technology concerns have become widespread challenges across the industry. Daniel Rogers, founder of Avid AML, started his career in global transaction banking with global financial institutions and was responsible for managing relationships for multi-national clients and top tier corporate clients including both local and foreign Government entities. This has developed a strong understanding of AML and Counter Financing Of Terrorism (CFT) regulations and the impact these regulations have on day to day business operations. Acknowledging these impacts while ensuring the business is not exposed to the reputation and financial risks these threats pose is key. As Senior Implementation Manager at the ANZ International & Institutional Bank New Zealand he was responsible for establishing and executing the Implementation Project. This encompassed the commercialisation of ANZ Group Implementation methodologies and the embedding of ANZ Group Risk AML CFT policy into business practices designed to significantly improving ‘first line of defence’ AML CFT controls.
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