Navigating the compliance maze

Challenges and solutions for firms in the coming months

by Vinay Vyas

The financial landscape is becoming increasingly complex, and banks face many challenges as they strive to stay compliant with ever-evolving legislation, regulation and guidance (LRG). The heightened regulatory scrutiny and fast-paced changes in regulatory requirements pose significant hurdles for banks. From junior anti-money laundering (AML) professionals to seasoned money laundering reporting officers, understanding these challenges and adopting effective strategies is crucial for maintaining compliance and ensuring operational resilience.