Over the next 3-5 years there will be more than 1.1 million regulated entities that will need to comply with AML/CFT laws, many of these for the first time.
- There are around 200 FATF member countries and this trend to broaden the scope is set to continue
- 31 out of 34 FATF full member countries have yet to fully extend their AML/CFT regime to DNFBPs
- 10 of these countries alone have more than 1.1 million entities that will have to comply with AML laws.
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