In my eyes, it is not a risk-shift, but larger organizations (be it for-profit or not-for-profit ones) benefit from the increasing complexity of rules (be it AML or other) and all the smaller ones suffer. Thus also economies / countries with larger entities benefit and the smaller ones in the third world struggle. This will further increase the problem of the drifting apart of the rich from poor, making our world an increasingly unsafe and also unpleasant place to be.
In my eyes, it is not a risk-shift, but larger organizations (be it for-profit or not-for-profit ones) benefit from the increasing complexity of rules (be it AML or other) and all the smaller ones suffer. Thus also economies / countries with larger entities benefit and the smaller ones in the third world struggle. This will further increase the problem of the drifting apart of the rich from poor, making our world an increasingly unsafe and also unpleasant place to be.