# Video on AML Program Failure: Decoding the Causes & Corrective Measures **URL:** \ **Category:** Videos\ **Created:** [October 24, 2024, 7:46am UTC](https://www.amlfaqs.com/t/video-on-aml-program-failure-decoding-the-causes-corrective-measures/435 "2024-10-24T07:46:31Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\ **Post date:** [October 24, 2024, 7:46am UTC](https://www.amlfaqs.com/t/video-on-aml-program-failure-decoding-the-causes-corrective-measures/435/1 "2024-10-24T07:46:31Z")
[![](https://canada1.discourse-cdn.com/flex010/uploads/amlfaq/original/1X/664bfb1c547e962e0ad4255a1e763b3d6cdba85b.jpeg "AML Program Failure: Decoding the Causes & Corrective Measures | AML Singapore") ](https://www.youtube.com/watch?v=N9HyxwYREBk) Singaporean law requires regulated entities to establish and implement a robust AML compliance program capable of effectively detecting and mitigating financial crimes, including money laundering and terrorism financing. Despite having sound AML policies, procedures, and controls in place, many AML programs still fail to prevent ML/FT activities. This video explores the reasons behind these failures and offers insights on how to address the underlying gaps. Key reasons for the failure of AML programs include: - Outdated Enterprise-Wide Risk Assessments - Rapidly Evolving Regulatory Environment - Insufficient Compliance Culture and Awareness - Limited Resources within the Compliance Team - Lack of Timely Reviews For a deeper understanding of corrective measures for each of these issues, please refer to the video for comprehensive details. > **[Contact AML Singapore | Let's Talk](https://amlsingapore.com/contact-aml-singapore/)** > > Contact AML Singapore for solving your Anti-Money Laundering related issues and get the world-class services from our AML professionals