Survey Reveals Combating Anti-Money Laundering & Fraud Dominate Financial Institutions Top Priorities

    BENSHEIM, Germany, June 29 /CNW/ - Organizations are spending millions of
dollars each year on their compliance programs. However, many senior
executives have become frustrated. Despite the high costs involved in
implementing compliance programs, they are seeing little business value other
than being able to pass an annual audit.
    Is an investment in compliance truly a sunken cost? Or are there ways to
leverage this spending to capture the full value of your compliance technology
    In May 2009 TONBELLER conducted their AML and fraud global benchmark
survey, entitled "Mind the Gaps", which captures the viewpoints of 152 leading
compliance professionals from 41 countries around the world concerning these

    Key findings of the report include:

    -   Only 36% of respondents said their organizations had integrated their
        anti-fraud and AML efforts enterprise wide
    -   With 31% internal fraud has emerged as the top priority among fraud
        crimes; this may be a consequence of the current economic climate
    -   91% of the participants see a business value in adopting the
        risk-based approach irrespective of their country's regulation

    For more key findings and a complimentary copy of the report visit:
    The authors are currently in Asia (Hong Kong, Beijing, Tokyo, Singapore)
presenting the results of the survey as part of a world-wide roadshow.
    For more information on locations and dates please visit


    TONBELLER provides financial crime and compliance solutions enabling
banks, insurance companies and other financial service providers to control
the defence and evolve strategies against money laundering, terrorism
financing and internal/external fraud as well as market abuse.
    Learn more about TONBELLER:

For further information:

For further information: Media contact: Bengt Hellbach, Phone:
+49-6251-7000-350, email:

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