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AML Reform Is Failing: How Financial Institutions Are Drowning in Compliance Paralysis
A senior executive at Morgan Stanley warns that despite promises of modernization, AML reform in the U.S. has stalled, leaving firms burdened with redundant compliance obligations and legal uncertainty, while regulators struggle to define clear guidance.
May 27, 2025
Irina Norris, Head of Production, CeFPro
Tags:
Financial Crime
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The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- AML modernization is stalling due to delayed rulemaking and unclear guidance
- Beneficial
ownership requirements saw major compliance efforts go to waste
- New national
AML priorities have broadened obligations without clarity
- Regulators
encourage innovation but scrutinize minor compliance details
- Firms feel
caught between adopting tech and risking regulatory blowback
- Lack of
consistency across global jurisdictions adds to compliance strain
- Canadian
payments rules now affect many U.S. financial institutions
- Expectations
for updated national priorities in 2025 remain uncertain
- Disconnection
persists between high-level policy and examiner focus
- AML reform
is increasing compliance burdens instead of simplifying them
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