Davis Polk partner Dan Stipano was quoted in MoneyLaundering.com from a panel at the 2024 Association of Certified Anti-Money Laundering Specialists’ (ACAMS) Assembly Hollywood Conference on the Financial Crimes Enforcement Network’s list of national priorities.

Dan said that he hopes finalizing the national priorities will give banks a green light to reallocate resources from technical compliance towards intelligence gathering, which benefits law enforcement.

“I see financial institutions devoting tons of time and resources to technical compliance, keeping the examiner happy,” Dan explained. “I think this [national priorities] mandate was supposed to be a reset, not an additive requirement.”

“Hollywood Reporter’s Notebook,” MoneyLaundering.com (April 11, 2024) 

Copy link to share post