Dow Jones Risk & Compliance’s Post

How can financial institutions proactively respond to potential anomalies and threats and take decisive action to prevent criminal activities while also adhering to regulatory standards? In this blog, NICE Actimize’s General Manager, Case Management & Platform, Justin McLean, covers key operational challenges FIs face, and explores strategies that drive operational excellence, strengthen compliance practices, and mitigate risk. Get the insights: https://okt.to/8znWdZ #Compliance #CaseManagement #RiskManagement #ABA

How can financial institutions proactively respond to potential anomalies and threats and take decisive action to prevent criminal activities while also adhering to regulatory standards? In this blog, NICE Actimize’s General Manager, Case Management & Platform, Justin McLean, covers key operational challenges FIs face, and explores strategies that drive operational excellence, strengthen compliance practices, and mitigate risk. Get the insights: https://okt.to/ZnbLgx #Compliance #CaseManagement #RiskManagement #ABA

How can financial institutions proactively respond to potential anomalies and threats and take decisive action to prevent criminal activities while also adhering to regulatory standards? In this blog, NICE Actimize’s General Manager, Case Management & Platform, Justin McLean, covers key operational challenges FIs face, and explores strategies that drive operational excellence, strengthen compliance practices, and mitigate risk. Get the insights: https://okt.to/GxJ0ZA #Compliance #CaseManagement #RiskManagement #ABA

Most boardrooms view financial crime risk as regulatory risk, a compliance issue. Lawyers, consultants, vendors, (some) BSA Officers, and the regulators themselves promulgate this idea. Modern boards will focus on efficiency + effectiveness + how managing financial crime risk enables the business. Supervision is nothing more than a guardrail.

How can financial institutions proactively respond to potential anomalies and threats and take decisive action to prevent criminal activities while also adhering to regulatory standards? In this blog, NICE Actimize’s General Manager, Case Management & Platform, Justin McLean, covers key operational challenges FIs face, and explores strategies that drive operational excellence, strengthen compliance practices, and mitigate risk. Get the insights: https://okt.to/HIx4Aq #Compliance #CaseManagement #RiskManagement #ABA

🔍💼 Excited to share insights on a crucial aspect of financial crime compliance operations: Data Quality and Financial Crime Controls.   In today's regulatory landscape, ensuring robust data quality is a non-negotiable. Join us for a deep dive into why data quality is the cornerstone of a robust financial crime compliance programme.   From mitigating risks to enhancing operational efficiency, we detail the pivotal role of data integrity in safeguarding against financial crime.   In our pocket guide below, as well as the What and the Why, you can find four straight-forward Hows i.e. four data management strategies to ensure your FC controls are effective. If you would rather download the guide, or any of our other pocket guides, you can access them here on our website: https://2ly.link/1yKEb   #FinancialCrime #Compliance #DataQuality #RegulatoryCompliance #RiskMitigation #MLRO #AMLCTF #FinancialCrimeCompliance #FinancialCrimePrevention #AML #AntimoneyLaundering

𝐃𝐚𝐭𝐚 𝐢𝐬 𝐭𝐡𝐞 𝐜𝐨𝐫𝐞 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐫𝐢𝐦𝐞 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐩𝐫𝐨𝐠𝐫𝐚𝐦𝐬. Financial crime monitoring and reporting systems rely heavily on data to perform tasks effectively and help financial institutions (FIs) maintain great business relationships and compliance with regulations. LexisNexis Risk WorldCompliance data offers 𝐮𝐧𝐩𝐚𝐫𝐚𝐥𝐥𝐞𝐥𝐞𝐝 𝐠𝐥𝐨𝐛𝐚𝐥 𝐫𝐢𝐬𝐤 𝐩𝐫𝐨𝐟𝐢𝐥𝐞 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 to help FIs accelerate the identification of financial crime compliance risk by seamlessly connecting to specific risk categories and intelligence and deliver the most current and robust decisioning perspective for their business. #click on the infographic to learn more about all the risk categories covered. #FCData #FCCPrograms #AML

What can you do to mitigate risks around financial crime in your organisation? Our blog goes into the details, but here are the headlines: ➡️ Implement robust Financial Crime AML/CTF controls ➡️ Conduct customer due diligence ➡️ Monitor transactions ➡️ Carry out regular customer screening ➡️ Report suspicious activity For more steps and insight into risks surrounding financial crime, read our blog. https://lnkd.in/eYE5kx6u #FinancialCrime #Risk #Compliance

Very interesting post by James Tucker of emagine. Research has indicated that money laundering controls worldwide are very ineffective. How effective is your organization? And, how do you measure the effectiveness?

What you'll learn in our template appendix collaboration with Luke - Audit, Risk and Compliance: - How to effectively implement non-intrusive financial risk checks. 🔒 - Understand the most important and actionable sections of the updated gambling regulation. 🤔 - How to combine identity verification with safer gambling protocols for more effective due diligence. 📈 Hit the link below to find out more: https://lnkd.in/eZ5QEuJR #safergambling #playerprotection #gamblingactreview #regtech #financialrisk #affordability