The Past 20 Years of Anti-Money Laundering Enforcement and Billions in Fines Later

Sven Stumbauer ()

Chapter Chapter 5 in The Next Wave of Global Anti-Money Laundering Enforcement, 2025, pp 35-45 from Springer

Abstract: Abstract Over the past twenty years, financial institutions around the world have faced notable transformations in the business environment in which they operate. This period has seen a rise in the importance of anti-money laundering compliance, which has become a focal point not only in news reports but also in the strategic discussions at the highest levels of organization leadership. Financial institutions across the globe have faced significant challenges in terms of anti-money laundering compliance and risk management efforts, and this may mean a return to the basics, or a larger transformational effort. In chapter, we discuss some of the challenges faced by some financial institutions across various parts of their compliance/risk management efforts.

Keywords: Fine; Financial Actions Task Force; Risk management; Compliance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05824-0_5

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DOI: 10.1007/978-3-031-05824-0_5

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