Innovating AML Compliance: The Next Regulatory Imperative?

Incorporating innovative approaches into anti-money laundering (AML) and financial crime prevention remains a key agenda item for the financial services industry, trade associations, advocacy groups and, increasingly, the regulators. At the recent SIFMA AML conference, we joined industry panelists on stage to discuss not only the obvious benefits of integrating leading technologies into AML compliance but why doing so could one day be a baseline expectation of regulators.

This article summarizes the discussion and explains how regulatory expectations around innovation will continue to evolve and drive leading AML practices for the financial services industry.