Financial Insights

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Emerging Technologies: The Impact on AML Compliance

Emerging technologies pose new threats, risks, and challenges to the most robust of systems. Anti-money laundering (AML) systems are no exception. Emerging technologies, such as cryptocurrencies, digital wallets, and blockchain, introduce new risks and challenges that traditional AML monitoring systems must effectively address. Financial institutions have to adapt their compliance programs to navigate the unique threats associated with these innovations.