AML seen as biggest regulatory issue this year

Anti-money laundering regulations have given compliance experts some of their biggest headaches this year, with Hong Kong at the centre of several scandals. The imposition of heavy fines on financial institutions has illustrated how anti-money laundering has become many regulators’ top priority, said Daniel Lam, Hong Kong-based director of compliance at Principal Global Investors.  “If they do inspections, you can be almost certain that this is one of the areas they will be look…