Compliance

Financial Economic Crime Data analytics: towards Compliance 3.0?

Source: EY. Will next generation Transaction monitoring enable Compliance 3.0?Managing Financial Economic Crime risks (“FEC risks”) is an ongoing challenge for Banks. The FEC requirements mitigating these risks are not just limited to policies and procedures, Integrity risk assessments (“SIRA”) and KYC/AML procedures. Banks should also be capable of showing that the FEC Compliance measures are effective. The recent “concept […]