The Evolving
Regulatory
Landscape
A 2025 PwC survey found nearly 90% of
respondents experienced an increase in compliance
responsibilities in the past three years.
Governments are already considering stronger
oversight in nontraditional, less-regulated sectors.
• In 2024, the Australian government introduced the
Anti-Money Laundering and Counter-Terrorism
Financing Amendment Bill to address vulnerabilities
among entities such as lawyers, accountants
and precious stone dealers. The move aims to
align Australia with international standards and
strengthen regulatory frameworks.
• The international Financial Stability Board notes
that nearly all 25 member jurisdictions either have
the relevant frameworks in place or are planning
to develop or revise them for crypto assets and
stablecoins.
Organizations often have to invest heavily to keep
pace with evolving regulatory requirements. A
Celent report estimated that financial institutions
worldwide would spend $34.7 billion on financial
crime compliance technology and $155.3 billion on
operations in 2024.
Multinational companies know
regulatory change is not a
matter of if, but when.
On the flip side, noncompliance carries steep
consequences across financial services. In 2024, total
aggregated bank fines reached $4.5 billion.
But regulatory influence goes beyond the bottom line.
It often reshapes how businesses operate and show
accountability.
The EU’s 7th Directive on Administrative Cooperation
(DAC7) includes the requirement that digital platforms
report seller information to tax authorities. The
EU’s Digital Services Act mandates, among other
requirements, that online marketplaces and social
networks disclose who is selling on their platforms.
The Financial Transactions and Reports Analysis
Centre of Canada continues to fight money laundering
and terrorist financing with expanded requirements
such as those around business and ultimate beneficial
owner verification.
For financial services companies navigating the
tightening regulatory landscape, achieving compliance
isn’t optional; it’s mission critical. In a digital-first
economy, that mission can serve as a strategic
imperative that protects long-term business growth.
Regulatory Spotlight:
Digital Services Act
The EU’s Digital Services Act includes a
mandate that digital services companies
disclose who is selling on their platforms
As of Feb. 17, 2024, the rules apply to all
platforms, including online marketplaces, host
providers and social networks
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Trulioo — White Paper