In the rapidly evolving landscape of Anti-Money Laundering (AML) regulations, the conventional wisdom of “asking every investor for a source of funds declaration” does not necessarily guarantee compliance. In fact, this approach might inadvertently lead to breaches of the General Data Protection Regulation (GDPR). It is a common pitfall to adhere to compliance superficially—merely “checking […]
read full postBeyond Box-Checking: Embracing a Risk-Based Approach in AML Compliance
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