US EditionWhy financial institutions are turning to AML overlays, not replacements
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Why financial institutions are turning to AML overlays, not replacements
Ripping out and replacing anti-money laundering (AML) systems is no longer a practical option for most financial institutions. According to Consilient, deeply embedded legacy infrastructure underpins compliance programmes, governance frameworks, and regulatory reporting. Overhauling such systems is not only costly and time-consuming but also risks serious disruption. Yet complacency is equally untenable. With regulatory expectations climbing and…
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