| 27.02.2013 Other Voices: Regulatory change causes increased demand for AML programs |
| This article was provided by HedgeOp Compliance, an IMS Group Company (both are now Cordium). Anti-money laundering (AML) procedures, already in existence, were further enhanced by the US Patriot Act enacted by Congress in 2001 to amend the Bank Secrecy Act (BSA), initially adopted in 1970. The US Patriot Act requires financial institutions to establish AML programs to decrease terrorism fund |