AML/CFT Statutory Review - summary of submissions [pdf, 1.2 MB]
...integrate into practice and for many lawyers the burden has been disproportionate both in terms of risk and cost. 7. Several submitters criticised the amount and nature of support provided by regulators and the FIU, and that regulators need more resources to properly engage and develop effective and appropriate guidance (see further Agency supervision model).8 BitPrime noted that traditional law-making processes and conventional approaches by regulators have failed to keep up with new t...