Two different organizational issues. Complying with anti-money laundering laws are completely separate from the investment side of the business, which is where SVB failed. You can comply in one segment and be negligent in another. As far as I have read, SVB hasnt yet been accused of disregarding laws related to AML compliance.
keptman77 t1_jc8w01j wrote
Reply to comment by lasssilver in Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure by carolinaindian02
Two different organizational issues. Complying with anti-money laundering laws are completely separate from the investment side of the business, which is where SVB failed. You can comply in one segment and be negligent in another. As far as I have read, SVB hasnt yet been accused of disregarding laws related to AML compliance.