Do Boards Get Anti-Money Laundering Measures?

• Position: Director Data

Although we may assume that most, if not all, boards of directors closely engage in anti-money laundering (AML) and sanctions compliance matters, only 20% of companies provide AML and sanctions compliance training for their boards.

"Training for the board should be tailored to their role and provide sufficient level of detail that goes beyond a simple online training," says Sven Stumbauer, managing director, AlixPartners. "Briefings...