That this remains true today is sadly reaffirmed in the results of a survey conducted by Vanson Bourne in the fourth quarter of 2020. Coming from enterprise banking, investments, crypto, insurance and fintech organisations, 87% of Asia Pacific respondents acknowledged that they consciously choose to violate laws and incur anti-money laundering fines “all the time”, “regularly” or “occasionally”.Such an attitude among banking leaders and compliance professionals no doubt undermines global and APAC governments’ efforts to fight financial crime, which has been on the upswing since the onset of Covid-19. Crime rates have been rising due to the vast amounts of public funds scurrying through the international financial system, and the heightened use of digital and instant payments as businesses and purchases shift online.In this episode of PodChats for FutureCIO, Jaede Tan, Managing Director of ComplyAdvantage Asia Pacific, talks about role of the CIO and the finance team in supporting company-wide initiatives to combat financial crime.

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