Foreword: The FATF view on the effectiveness of AML gatekeepers, by Paolo Panico

We have repeated these words so often in the past two years that we almost fail to grasp their original strength. Yet few other expressions can better describe what the world has gone through since 2020.

Editor's foreword

Readers will remember the two obligations originally imposed on trustees by the EU’s Fourth Anti-Money Laundering Directive.

The New Year will bring some new challenges to our professions, as has been the case for nearly a decade. The continued legislative and regulatory efforts to increase the transparency of financial markets will inevitably have the side effect of higher complexity and heavier compliance burdens in the way we work.