Chip Poncy spoke with the Financial Times about anti-money laundering (AML) loopholes in a post-9/11 world. The article focuses on the investment management industry, and how it creates exposure for the broader financial system. According to Chip, “When you make payments, when you take custody of assets, when you take deposits, you own the risk of those customers and those assets however they got to you. As more and more money is introduced in the financial system through an under-regulated or unregulated sector, the more risk there is in that system.”

Read the full article in the Financial Times (registration may be required).