Abstract

This chapter presents a systematic review of contemporary trends and strategies in AML through the PRISMA framework. The study identifies emerging threats, evolving typologies, and technological innovations reshaping AML practices in the digital era. The review emphasizes the growing significance of regulatory technology (RegTech), AI, and public-private information-sharing platforms in enhancing detection, reporting, and compliance. Findings suggest a shift from traditional rule-based approaches toward adaptive, data-driven frameworks, although implementation gaps persist across jurisdictions. A critical insight emerging from the analysis is the imbalance between technological advancement and regulatory harmonization, particularly in developing economies. The chapter offers policymakers, scholars, and financial institutions 1) a consolidated foundation to better understand and address the multifaceted challenges of money laundering in a rapidly digitizing global economy and 2) a proposed roadmap for future AML initiatives to align institutional accountability.