Keeping up with increasingly demanding anti-money laundering (AML) expectations in 2023 will likely mean doing more with less and figuring out where and when is the best place to use technology to aid compliance, experts say.

Many business leaders are expecting a recession to hit sometime next year, meaning compliance budgets will likely shrink while new initiatives are curtailed or shelved. But regulatory expectations for your organization’s AML compliance program are not going away.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...