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Survey Reveals Combating Anti-Money Laundering & Fraud Dominate Financial Institutions Top Priorities
BENSHEIM, Germany, June 29 /PRNewswire/ -- Organizations are spending millions of dollars each year on their
compliance programs. However, many senior executives have become frustrated.
Despite the high costs involved in implementing compliance programs, they are
seeing little business value other than being able to pass an annual audit.
Is an investment in compliance truly a sunken cost? Or are there ways to
leverage this spending to capture the full value of your compliance
technology investments?
In May 2009 TONBELLER conducted their AML and fraud global benchmark
survey, entitled "Mind the Gaps", which captures the viewpoints of 152
leading compliance professionals from 41 countries around the world
concerning these questions.
Key findings of the report include:
- Only 36% of respondents said their organizations had integrated their
anti-fraud and AML efforts enterprise wide
- With 31% internal fraud has emerged as the top priority among fraud
crimes; this may be a consequence of the current economic climate
- 91% of the participants see a business value in adopting the risk-based
approach irrespective of their country's regulation
For more key findings and a complimentary copy of the report visit:
http://www.tonbeller.com/aml_fraud_survey
The authors are currently in Asia (Hong Kong, Beijing, Tokyo, Singapore)
presenting the results of the survey as part of a world-wide roadshow.
For more information on locations and dates please visit
http://www.tonbeller.com/roadshow.
About TONBELLER
TONBELLER provides financial crime and compliance solutions enabling
banks, insurance companies and other financial service providers to control
the defence and evolve strategies against money laundering, terrorism
financing and internal/external fraud as well as market abuse.
Learn more about TONBELLER: http://www.tonbeller.com
Media contact:
Bengt Hellbach
Phone: +49-6251-7000-350
email: bh@tonbeller.com
