New report from PWC reveals that some financial firms consider AML regulations to be unhelpful

The ‘AML Survey 2024: Spotlight on Effectiveness’ revealed that only 53% of EMEA financial firms believe that current AML regulations are helpful to prevent money laundering and terrorist financing. Over a third of respondents cited an increase in regulatory pressures as their most challenging issue and just over half stated they will spend more than 10% of their AML budget on technology in the next 2 years.