Anti-Money Laundering
The seminal events surrounding Russia’s invasion of Ukraine and the subsequent global sanctions response are a watershed moment for financial crime compliance. The impacts of the swiftly implemented and still-evolving plurilateral sanctions against Russia and expansive import and export bans …
As a former detective, I like clues. Clues make or break your case. Clues can lead you to an entirely different conclusion than you initially anticipated. Each clue gets you one step closer to the truth — even if it …
Annual financial crime compliance costs in the U.S. are up 95% for mid/large financial institutions since the beginning of the COVID-19 pandemic to a total of almost $41 billion according to the LexisNexis® Risk Solutions 2021 True Cost of Financial …
Contribute To Stronger Company Performance With Effective Compliance This new white paper from Aite Novarica details how a dynamic, data-driven compliance strategy optimizes risk decisions. Financial institutions (FIs) are being impacted across multiple fronts by digital acceleration, pandemic-driven operating constraints, …
A new era of commerce is here Digital transactions grew 44% YOY to $861B USD in 2020 as growing consumer shifts toward digital commerce were significantly and rapidly accelerated by the COVID-19 pandemic, according to digitalcommerce360.com. An American Bankers Association …
With the amount of airtime given to the Risk-Based Approach (RBA) by the UK’s AML regulators and supervisors, you’d be forgiven for thinking it’s an idea that had been formulated relatively recently in response to evidence of UK PLC’s increasing …
The Anti-Money Laundering Act of 2020 (AMLA) continues to evolve as 2021 progresses. This blog provides highlights from our recent webinar “The AML Act of 2020: Where Effectiveness Meets Efficiency.” Read on for considerations for setting priorities to optimize compliance …
Would you leave your house, carefully locking your front door, but with the back door and all the windows wide open? Probably not. Fully protecting your home, and the people or valuable assets within it, naturally includes securing all avenues …
Our recent post highlighted areas to focus on as the Anti-Money Laundering (AML) Act of 2020 takes shape. One important provision of the Act deals with virtual currency and digital assets and could have potential far-reaching effects on the industry, …
Learn how we’re expanding upon our commitment to deliver comprehensive compliance risk and payments solutions So much of our customers’ business success and brand reputation strength centers around expectations of effortless transactions. In the reality of day-to-day operations, delivering a …