High-quality data is the bedrock of an effective anti-money laundering (AML) and watchlist screening programme. Incomplete or inaccurate data can lead to false negatives, potentially allowing illicit ...

Increasing geopolitical instability, regulatory developments, and technological advances are set to contribute to a rapidly changing anti-money laundering (AML) landscape in 2024. Here, we look at ...

Government money-laundering watchdogs have proposed an overhaul of rules that dictate how financial institutions avoid the ...

Global money laundering is estimated to be between 2% and 5% of the world’s GDP, or roughly $800 billion to $2 trillion every year. Even after years of ...

Data stewardship and data governance are essential concepts for companies with a growing volume of data. This article compares these approaches to data management. Data stewardship and data governance ...

As we shift towards a digital economy, Data engineering and modernization of the Banking and Finance systems are extremely critical. Employing robust data strategies and governance protocols designed ...

Many banks' initial response to consent orders arising from regulatory action is to address the immediate problem by clearing backlogs or addressing issues with suspicious activity reports, instead of ...

Many organizations have formal data governance programs in place, yet they struggle to translate policy into business impact. That’s often because data governance is still viewed as a back-office ...

A survey of 334 compliance professionals across the UK’s regulated sectors by compliance eLearning and software provider, ...