New playbook for building AI systems of intelligence that scale.
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According to a 2020 PWC assessment, the total global assets under the management of private banks and wealth managers is expected to increase from the 2020 value of $110 trillion to $145 trillion in 2025. Regulatory scrutiny is therefore only likely to increase, including higher penalties and fines for non-compliance, deferred prosecution agreements, and targeted management accountability for anti-money laundering (AML) and sanctions violations.