A new ERA beckons

Martin Woods (martin@amlwoods.com) is Managing Director of AMLWoods (www.amlwoods.com).

In an interview last year, David Lewis, Executive Secretary of the Financial Action Task Force (FATF) observed that the global anti-money laundering community was “doing badly, some not as badly as others”. Practitioners need to respond positively, insists Martin Woods, collectively generating better returns and outcomes from the resources allocated to AML; that calls for ‘intelligence’.