At the Clearing House Annual Conference in New York, experts and
observers discussed how BSA/ASL compliance can benefit from some
changes. Panelists posited that the currently regulatory framework
should focus more on tracking malicious actors, preparing for
potential breaches, and improving incentives for banks to share
information that supports AML efforts. Giant Oak CEO Gary Shiffman
also argued that requirements are constantly added in the AML regime,
but priorities are never updated. According to Dr. Shiffman, instead
of simply introducing new requirements, regulators, law enforcement
agencies, and banks themselves will achieve better results if they
regularly coordinate to establish clear priorities.

To learn more read an article from SNL here: