Key challenges in adopting new AML/CFT technologies are:
A: Data privacy—new tech often requires processing more personal data, raising privacy/regulatory concerns.
C: The Travel Rule—meeting global standards for information sharing in payments is a technology challenge.
D: Data quality—effective systems rely on accurate, comprehensive, timely data.
E: Complexity—integrating and managing new technology can increase operational complexity.(CAMS 6th Edition, Technology in AML/CFT; FATF Guidance on Digital ID and Fintech)
[References:, CAMS 6th Edition, AML/CFT Technology and Implementation Challenges, FATF, "Opportunities and Challenges of New Technologies for AML/CFT" (2021), , , , , ]
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