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Object reference not set to an instance of an object.

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A Finextra member
A Finextra member 27 October, 2016, 16:45Be the first to give this comment the thumbs up 0 likes

You bring up a good point:

>Too many AML departments are incentivized to prevent regulatory punishment, rather than to stop money laundering. This creates the wrong behaviors. What if we directly rewarded departments based on law enforcement results and successes?<

This is similar to the bug-bounty programs that are being offered by software companies. People are incentivized to find the bugs and it operates as a reward system, rather than as an avoid-punishment system.