In this chapter “Anti-Money Laundering Trends and Challenges” for GIR’s Europe, Middle East and Africa Investigations Review 2021, our authors discuss the push towards AML ‘effectiveness’ and highlight key elements that should be present in a robust AML programme.
FRA forensic experts offer their insight on a number of points including:
– Significant advances made in EU money laundering legislation, but with varying levels of implementation
– The United Kingdom is no longer required to implement EU AML rules but is likely to continue to match or exceed them
– Some new US rules may exceed those in the EU and affect EU entities
– There are growing calls for evaluating whether AML efforts are proving effective or merely increasing compliance costs
An extract from the 2021 edition of GIR’s Europe, Middle East and Africa Investigations Review. The book chapter is available here.