= Subscriber content; or subscribe now to access all American Banker content.
Why Banks Became Law Enforcement 'Deputies'
September 11, 2013

Financial institutions are required to thoroughly "know" their customers and vet transactions for potential criminal connections in a way that other critical service industries are not. (Imagine an electric company quizzing its customers about what appliances they plug into the wall.) Ellen Zimiles, a former assistant U.S. attorney who now heads the global investigations and compliance practice at Navigant Consulting, explains why banks have been given special responsibilities.

To Fight Laundering, Know Your Employees Along with Your Customer
How Anti-Money Laundering Rules Stifle Innovation
Drug Laws Ease but Bankers Still Say 'No' to Dealers

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.