This article begins with a brief overview of anti-money laundering statutory and regulatory developments written with a board director in mind. It then lays out steps and actions the board should take to ensure that its knowledge stays current, responsibilities and lines of authority are clear, and monitoring and accountability become part of the institution's culture.

Originally published in the November/December edition of The Banking Law Journal. View the full article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.