Anti-Money Laundering and Countering the Financing of Terrorism Focus Report 2022

In collaboration with Central Banking, Kroll conducted a survey of central banks across a variety of jurisdictions to explore how they are addressing anti-money laundering (AML) and countering the financing of terrorism (CFT) risks.

Findings include:

• Central banks highlighted cross-border payments as a key risk area

• Supervisory models are under pressure as the payments landscape shifts with the growth of payment and e-money firms

• The increased use of data analytics and the adoption of risk-based supervision models is enabling central banks to overcome resourcing challenges and manage risk more effectively and efficiently

• AML/CFT supervisors are co-operating domestically, but more cross-border collaboration is needed to effectively tackle shared financial crime risks