Why does Caroline find it challenging to fulfill her money laundering responsibilities?

Caroline finds it challenging to fulfill her money laundering responsibilities primarily because she is asked to fill conflicting roles. In the context of financial institutions, individuals in positions such as private bankers often have multiple responsibilities that can create conflicts of interest. For instance, they may be tasked with generating profits through client transactions while also being responsible for compliance with anti-money laundering (AML) regulations. This duality in roles can lead to significant challenges in maintaining an effective AML practice, as the focus on profit generation may overshadow the necessary diligence required to identify and report suspicious activities.

In situations where individuals lack clarity regarding their responsibilities or face pressures to prioritize clients over compliance, the risk of overlooking or inadequately addressing potential money laundering activities increases. This challenge highlights the importance of establishing clear guidelines and a framework that allows for balance between business objectives and regulatory compliance in order to effectively combat money laundering.