In The News

Banks Can Expect Return to Strict Oversight of Anti-Money Laundering Rules

S&P Global Market Intelligence

12 Apr 2022

Marc-Alain Galeazzi spoke to S&P Global Market Intelligence about how banks should expect regulators to ramp up enforcement of anti-money laundering rules as the U.S. emerges from the COVID-19 pandemic.

According to Marc-Alain, regulators gave banks more leniency in certain routine areas during the pandemic, such as updating or implementing new systems or technology, but not in other more serious areas such as outright violations.

He also noted that banks need to make sure artificial intelligence works as intended and that the technology’s decisions do not end up being biased based on race or other factors as it learns and sends alerts about suspicious activity.

Read the full article.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.