A global anti-money-laundering survey conducted by KPMG suggests that money laundering has captured bank executives' attention because of potential impact on profits. Anti-money-laundering (AML) "has become a key issue for senior management because the possibility of an AML-related failure now poses significant potential reputational risk, both domestically and for banks' international operations," says the report. Attention to AML measures has increased even as the cost of complying with money-laundering regulations has jumped by 61 percent over the past three years, according to the survey, with most of this increase devoted to transaction monitoring and staff training. Two-thirds of the 209 responding banks, representing 41 countries, indicated that they have generated more suspicious activity reports over the last three years. "This can be attributed in part to increased use of electronic monitoring systems," say the report's authors, "suggesting that the marked investment in these tools has proved beneficial; it also confirms the benefits accruing from the increased investment in training confirmed by the survey." Find the 51-page report on SM Online.