With the increased global focus on anti-money laundering (AML) and countering the financing of terrorism (CFT), regulatory agencies around the world are tightening restrictions, broadening their reach and putting additional compliance burdens on companies who do business in their jurisdictions. Furthermore, international groups such as the Financial Action Task Force (FATF) and the International Consortium of Investigative Journalists (ICIJ) are taking aim at money laundering across borders and treating it as a worldwide problem that requires a global solution.
As a result, there have been many recent regulatory changes — and many more changes coming in 2022 and beyond — that all businesses should be aware of, especially if you are considering expanding your business outside of your current jurisdiction.
In this guide, we take a look at some of the changes in the AML regulatory landscape in seven countries around the globe.
