The European Commission is taking decisive action to fight financial crime by reforming its AML rules and enforcement mechanism, writes Refinitiv’s Che Sidanius.
September 21, 2020The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.
September 14, 2020HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
August 31, 2020Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.
August 19, 2020Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.
August 19, 2020FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group "strongly encourages" participation in PPPs.
August 14, 2020New regulations issued by China’s Supreme Court provide channels for small and medium investors to pursue joint litigation in securities disputes.
August 7, 2020Westpac says aspects of its nonfinancial risk culture are “immature and reactive”, and that the bank is “overly complex”, resulting in unclear accountabilities and challenges in execution.
July 20, 2020The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo's Rachel Woolley.
July 16, 2020Privacy enhancing technologies, or PETs, may provide a "similar or, even, identical utility" compared to analysis of the raw data in some use-cases, says an FFIS paper.
July 7, 2020