As regulatory pressures continue to mount and new entrants render the marketplace more competitive, financial institutions need to be agile. To maintain a competitive advantage, AML and financial crimes officers need to pursue strategic compliance investments.
So what does the future of financial crime compliance look like?
In this paper we discuss the five key areas that compliance officers should consider as they assess and prioritise investments to pave the foundation for their future financial crimes programs:
Compliance officers will benefit from prioritising workstreams and evaluating how investments in these areas will impact their organisations’ AML and financial crime compliance approach and benefit the institution overall.