Publication
Part 6: The changing world of sanctions regimes
Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed.
Financial Crime Outlook: 2021 and beyond
Global | Publication | February 2021
Senior management and boards are increasingly acknowledging the threat of financial crime as a critical risk to their business that must be addressed. This has been exacerbated in the last 12 months through the impact of the pandemic as well as rising domestic and international tensions. Our financial crime compliance practitioners, located in the UK, US, Canada, Australia and Asia, are looking ahead to 2021 to identify the incoming legislative changes, growing role of technology and the need for an effective regulatory response. This forms part of a seven-part series which will assess, amongst other things, the expansion of virtual currencies, the growth of the role of the money laundering reporting officer, the changing world of sanctions regimes, and how the Biden Presidency could shape financial crime compliance into the future.
This issue
Publication
Part 5: The increasing emphasis of RegTech and Fintech
Regulators across the globe are increasingly expecting and welcoming the use of technology to combat financial crime. Arguably, it is imperative that firms invest in compliance tech solutions to not only maintain compliance, but also keep pace with the ever-increasing sophistication of criminals seeking to subvert the law.
Publication
Part 4: The Growing Importance of the Money Laundering Reporting Officer
Given the raft of continuing turbulence in the AML landscape, the need for a qualified and suitably experienced and skilled Money Laundering Reporting Officer is crucial to support firms in safeguarding their business from money laundering and terrorism financing risks.
Publication
Part 3: The expansion of virtual currencies
As prices of Bitcoin and rival virtual currencies have soared to unprecedented levels, there has been a recent flurry of activity in the crypto and virtual assets space, triggering extensive news coverage and renewed public interest. This has caught the attention of regulators and other stakeholders.
Publication
Part 2: Trends in reporting to regulators and transaction monitoring arising out of COVID-19
Jurisdictions that still rely on legacy paper-based reporting systems or where the regulated entities, or financial intelligence units, are constrained by remote working have been adversely impacted.
Financial services: Regulation tomorrow
Helping you keep track of the evolving and increasingly complex global financial services regulatory environment.
Contacts
Head of Risk Consulting EMEA Advisory
Financial Crime Manager
Senior Advisor, Risk Advisory
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