MEDIA RELEASE PR35224
Survey Reveals Combating Anti-Money Laundering & Fraud Dominate Financial
Institutions Top Priorities
BENSHEIM, June 29 /PRNewswire-AsiaNet / --
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:
The authors are currently in Asia (Hong Kong, Beijing, Tokyo, Singapore) presenting the
results of the survey as part of a world-wide 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.
Media contact:
Bengt Hellbach
Phone: +49-6251-7000-350
email: bh@tonbeller.com
SOURCE: TONBELLER AG
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