Misconceptions About AML

Ah, the wonderful world of Anti-Money Laundering (AML) - where common sense goes to die and bureaucracy thrives. Let's dive into the treasure trove of misconceptions that plague this field, shall we? First up, the belief that AML is all about catching big-time criminals in elaborate sting operations. Sorry to burst your bubble, aspiring crime-fighters, but most of your time will be spent scrutinizing grandma's pension deposits and filling out more forms than a tax auditor on steroids.

Another gem in the crown of AML misconceptions is the idea that technology will solve all our problems. 'Just implement this fancy AI system,' they say, 'and money laundering will be a thing of the past!' Oh, sweet summer child, if only it were that simple. While technology certainly helps, it's not a magic wand that will suddenly make criminals grow a conscience or paperwork disappear. You'll still need to use that mushy thing between your ears called a brain - shocking, I know.