Case study 1: The financial service industry
This top big 5 and its subsidiaries are committed to detecting and deterring persons engaged in money laundering or terrorist financing from using its products or services. They are equally committed to compliance with economic sanctions laws and regulations. This commitment is honored through the establishment of an enterprise-wide Anti-Money Laundering / Anti-Terrorist Financing (AML/ATF) and Sanctions risk and compliance management program (Global AML Program) that is designed to detect and report suspected money laundering and terrorist financing and activity prohibited by sanctions.
The bank and its subsidiaries have over 89,000 employees and over 26 million clients worldwide. In Canada, the bank serves more than 11 million customers at over 1,091 branches.