Which of the following is NOT a consequence of failing to conduct effective AML audits?

Failing to conduct effective Anti-Money Laundering (AML) audits typically leads to a range of negative consequences for an organization. One significant consequence is increased regulatory scrutiny, as regulators are keen to ensure compliance with AML standards and will scrutinize organizations that do not meet these expectations. Similarly, potential financial crime occurrences are likely to rise when an organization's AML controls are weak, leaving it vulnerable to exploitation by criminals. Legal penalties and enforcement actions often follow significant lapses in AML compliance, as regulatory bodies take steps to address failures and protect the financial system.

In contrast, saying that enhanced business reputation would result from failing to conduct effective AML audits is misleading. An organization that neglects its AML responsibilities is likely to suffer reputational damage, as stakeholders and customers may lose trust in its ability to manage risks effectively. Therefore, while the other listed outcomes reflect the serious implications of poor AML audit practices, the idea that such negligence would enhance a business's reputation is fundamentally incorrect.