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Follow on Google News | 2020 Foresight Report: The Impact of Anti-Money Laundering Regulations on Wealth ManagementJSB Market Research Added Latest Report Titled "2020 Foresight Report: The Impact of Anti-Money Laundering Regulations on Wealth Management"
The report provides a detailed overview of anti-money laundering (AML) initiatives taken by governments and regulatory bodies across the world to combat rapidly growing money laundering activity: Examines the impact of money laundering and how wealth management and other financial institutions have taken measures to deal with such illicit activity Provides a global perspective on various money laundering activities and the measures being taken to tackle the problem, in terms of enactment of regulations and coordination between nations Provides an insight into various AML regulatory developments that have taken place in key markets and their impact on their respective governments, financial institutions and customers Browse Full Report @ http://www.jsbmarketresearch.com/ Scope This report provides an overview of AML awareness levels and the level of regulatory enforcement in countries across various regions Discusses key factors which drive governments and regulatory bodies to formulate and implement AML regulations, and also discusses money laundering activity in key markets Outlines the key operational and technological challenges that financial institutions face due to the rapid rise in money laundering activity and frequent regulatory upgrades Provides a comprehensive analysis of AML compliance spending trends during the review period (20082012) and over the forecast period (20132017). The report also provides an overview of market dynamics and key vendors operating in AML Outlines the key recommendations provided by the Financial Action Task Force (FATF) to improve AML processes across different countries and financial institutions Discusses in detail the best practices adopted by government institutions as well as financial institutions to curb money laundering activities Key highlights The rapid growth of money laundering and other illicit activities has become a major issue for governments and financial institutions across the world. Fighting money laundering has become a priority for governments and other international bodies, which are increasingly concerned about the consequences of these illicit activities on corporate governance and business operations in the financial sector, as well as the overall fundamentals of the world economy. Governments and regulatory bodies across the world have been tightening regulations to combat money laundering. Economies such as the US, the UK, Germany, Australia, Japan and Singapore have strong AML regulations in place, while Canada, Brazil, Russia, India and China are taking initiatives to introduce AML regulations. Financial institutions face a number of operational and technological challenges due to changes in regulations. These entail increased regulatory complexity and improvements in IT systems, documentation and record keeping. Reduced customer privacy is also expected to be a rising concern, due to increasing disclosure and information sharing requirements. Reasons to buy Assess the impact of money laundering activities on the global economy and financial system and learn how financial institutions have been taking initiatives to deal with such activities Gain insight into various regulatory developments that have been taken place across different markets to combat rising money laundering activities Analyze the impact of operational and technological challenges on the business operations of wealth management and other financial institutions caused by these regulatory developments Understand the best practices adopted by government bodies and wealth management companies to curb these illicit activities, with the help of case examples For More Related Market Research Reports click here: http://www.jsbmarketresearch.com/ http://www.jsbmarketresearch.com/ End
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