“Financial crimes compliance lapses can be serious, material and can drive credit ratings,” Monsur Hussain, senior director in the financial institutions group at Fitch, said in an interview. Anti-money-laundering controls are playing a bigger role in credit ratings because regulators across the globe are cracking down on banks with weak controls, Mr. Hussain said. “We see a pattern of supervisory activity and muscular enforcement in Western Europe and in Asia,” Mr. Hussain said. He added that U.S. regulators have adopted a zero-tolerance approach to money-laundering regulations, and banks have largely adhered.

https://www.wsj.com/articles/anti-money-laundering-controls-play-bigger-role-in-credit-ratings-11557439693?mod=djemRiskCompliance