When thinking of the world of financial regulations over the past few years, one of the first things that comes to mind is the series of scandals of alleged money laundering that have dominated newspaper headlines around the world. For many financial institutions, 2018 in particular was the year for 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 pieces of regulation have in common and how they are collectively changing the compliance function as we know it, while we get ready for the developments in the sector that are on the horizon.
EU regulations analysed in the white paper include:
- AMLD4 & 5
- MiFID II