AML/CFT and Sanctions compliance continues to be a significant challenge for financial institutions, as they are required to comply with strict regulatory requirements to prevent money laundering and other illicit activities. Some of the key AML challenges include compliance with regulatory requirements, identifying and verifying customers, managing large amounts of data, keeping up with evolving threats, and maintaining an effective AML program.

AML compliance is complex and presents an ongoing challenge for financial institutions, requiring significant resources and expertise to ensure they meet regulatory requirements and effectively prevent money laundering and other illicit activities.

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