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De-banking, De-regulation and Trump 2.0: US Compliance in 2025

President Donald Trump's return to the White House, military strikes on Iran and humanitarian catastrophes in Sudan and Gaza dominated headlines in 2025, next to deadly wildfires in Los Angeles, raids and deportations across the U.S. and the election of the first American pope. 2025 also brought a halt to, and at times an outright reversal of, the U.S. campaign against illicit finance, starting with the Trump administration's shelving of the Foreign Corrupt Practices Act, rollback of the Anti-Money Laundering Act, and pardoning of high-profile drug traffickers, fraudsters and money launderers, not to mention hundreds of Capitol rioters. The Financial...

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