2/1/17 - Gene Ludwig Talks Areas of Continued Regulatory Focus with the Financial Times
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2/1/17 - Gene Ludwig Talks Areas of Continued Regulatory Focus with the Financial Times

Promontory CEO Gene Ludwig discussed with the Financial Times the areas where the new administration is likely to be stringent with regulatory standards. These include anti-money-laundering and Bank Secrecy Act requirements. Ludwig also explained the difficulty of AML compliance.

AML is “akin to looking for a needle in a haystack. The crooks are constantly changing methodologies so they can get around the approaches taken by banks and others to identify them.”