When thinking of the world of financial regulations over the past few years, one of the first things that come to mind is the series of scandals of alleged money laundering that have dominated newspaper headlines around the world. For many financial institutions, the last couple of years of the decade represented a reality check about the penetration of laundered money in their operations, brought about by extensive investigations by regulatory bodies.
With this white paper, we take a closer look at each of the main anti-money laundering regulations that are defining the new status quo in the European Union. Our analysis focuses on what all of these regulations have in common and how they are collectively changing the compliance function as we know it. Additionally, in light of the recent coronavirus pandemic, we look at the first signs of a new wave of regulations – including clear indications regarding digital and remote onboarding best practices – that may be on the horizon.
EU regulations analysed in the white paper include:
- AMLD4, 5 & 6
- MiFID II
Last updated on May 4th, 2023 at 03:23 pm