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Across the Europe, Middle East and Africa (EMEA) region, almost half of financial firms believe that current Anti-Money Laundering (AML) regulations are insufficiently clear or do not address many of the practicalities of modern AML operations, with many firms, especially banks, having concerns about the workability of both current and upcoming AML regulations.
In its first-of-its-kind report, covering hundreds of financial institutions in 40 countries across EMEA, PwC’s EMEA AML Survey 2024: Spotlight on Effectiveness* sheds light on how banks, asset managers, and payment institutions are tackling AML risks, their perspectives on the regulatory environment and future-proofing the financial system.
In the face of increasing regulations and regulators’...
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