Deutsche Bank’s Head of Anti-Money Laundering Peter Hazlewood Departs

Deutsche Bank has a new void to fill in 2017, losing its Head of Fighting Financial Crime and Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term, Peter Hazlewood, following a stint lasting just six months, according to a recent report on the Financial Times.

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The Anti-Financial Crime unit at Deutsche Bank serves as one of its biggest buffers against illicit transactions and procedures. Its anti-money laundering program also helps provide support for international efforts to combat money laundering, financing terrorism and other criminal acts.

Mr. Hazlewood stepped into the role back in July 2016, having been in position as head of the unit for nearly half a year. Prior to working at Deutsche Bank, he also served as the Global Head of AML Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term at HSBC Group Holdings for over two years, dating back to 2013.

Additional roles also include stints as the Global Head, Financial Crime Risk Operations at Standard Chartered, as well as the Managing Director & Head, Compliance Services & Security at DBS Bank. The majority of his career has been relegated to JPMorgan, which extends back to 1996, according to information made public on his Linkedin profile.