Blogs
How to Break Through Data Silos with Automated Transaction Monitoring
These silos occur when crucial information is confined to specific systems, departments, or processes, creating inefficiencies that hinder compliance efforts. For banks and financial institutions, this problem is particularly acute when managing regulatory
5 key steps for an effective sanctions screening policy
Sanctions breaches are among the most serious of offences under regulations such as the EU’sSixth Anti-Money Laundering Directive(6AMLD). It’s critical that banks, financial institutions, and any other entity that’s subject to the requirements of AML and a
Understanding OFAC and other sanctioning bodies
Sanctionsare deeply political at their core. It is why businesses face such significant penalties if they fail to implement them.Politically exposed persons(PEPs) and their relatives and close associates (RCAs) are often the subject of such sanctions or ma
