CHALLENGES AND EMERGING TRENDS IN AML REGULATIONS

AUTHOR – HIMANSHI THAKUR, LLM(CB&IL) STUDENT, AMITY UNIVERSITY, NOIDA, UTTAR PRADESH

BEST CITATION – HIMANSHI THAKUR, CHALLENGES AND EMERGING TRENDS IN AML REGULATIONS, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (6) OF 2025, PG. 214-219, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

This study compares the United States and India to examine how anti-money laundering laws are changing with the swift expansion of financial technology.  Globally, innovations like decentralized finance (DeFi), fintech platforms, and cryptocurrency are changing the economic environment, but they also increase the possibility of illegal financial behavior.  The study looks at how both nations have responded to these issues: the US updated the Bank Secrecy Act (BSA) and put the Anti-Money Laundering Act 2020 (AMLA 2020) into effect, while India expanded the Prevention of Money Laundering Act (PMLA) and introduced a central bank digital currency (CBDC).

In addition, the paper also indicates more and more how AML compliance is a strong complement of technologies, such as artificial intelligence and blockchain. Instead it busies itself understanding the special problems dealt by the non-banking financial companies (NBFC) and also the fintech companies, the e commerce industry etc. It also urges better horizontal and cross border cooperation for enforcement and the protection of whistleblowers. The gist of the underlying study concludes that in the epoch of the digitization, the emerging regulatory regime would comprise the risk based, flexible, and coordinated internationally, this state of the play if at all allocates the tradeoff between development of financial innovation and building confidence