Increasing regulatory demands mean that AML compliance is increasingly challenging for law firms

Increasing regulatory demands mean that AML compliance is increasingly challenging for law firms as they look towards the upcoming year, specifically 2025-2026. A new study has explored what impact increased enforcement, new financial crime threats, and new focus are having on what it actually means to be AML compliant.

What’s happening now is that the tick-the-box approach is being replaced by more robust and documented systems, and there’s pressure on firms to demonstrate proper oversight, ongoing risk analysis, and proper staff training. The dilemma for many firms now is trying to keep up with it all.

https://heyor.ca/ABFQr2

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