Over the last decade, US authorities have expressed concerns about the role played by illicit finance in high-end residential purchases. International bodies such as the Financial Action Task Force (FATF) have also expressed concern. In particular, FATF highlighted real estate agents’ lack of regulatory coverage in the Bank Secrecy Act (BSA), the country’s main AML/CFT legislation.
This guide, written by compliance experts at ComplyAdvantage and Resistant AI, explores the growing regulatory momentum around AI in the United States. It explains existing and proposed federal and state legislation and provides practical tips for compliance leaders looking to ensure their firms keep pace with regulators.
If there’s one area of financial crime that best encapsulates the problem today’s compliance leaders face, it’s payment fraud. Volumes are rising – the value of payment fraud is set to soar to more than $40 billion by 2027.
As the financial crime and geopolitical landscape grows more complex, how are firms investing to improve transaction screening processes and manage risk?
Explore the trends, challenges, and opportunities impacting how firms establish and maintain adverse media screening.
Technology and talent are critical to any effective financial crime risk management program. But in a competitive labor market where budgets are under pressure, how can compliance leaders ensure they invest limited resources efficiently?
2022 witnessed unprecedented trends impacting financial crime-fighting in the United States. Alongside China-US tensions, the invasion of Ukraine transformed the use of sanctions. Meanwhile, concerns over environmental crime and the exploitation of decentralzed finance platforms spiked. How can compliance teams effectively prepare?
Learn more by downloading your copy of the Guide to Anti-Money Laundering for US Broker Dealers
The Capital Markets and Securities sector faces challenges, including banking contagion and unstable market conditions.
This Guide to Anti-Money Laundering for US Broker Dealers provides practical guidance for firms looking to bolster or revamp their risk management processes.
Following a recent review of the country’s sanctions screening programs, the Philippines Anti-Money Laundering Council (AMLC) issued guidance highlighting key gaps, deficiencies, and opportunities for regulated firms. Improving compliance will be a key priority for the country as it seeks removal from the Financial Action Task Force (FATF) grey list by January 2024.
From economic volatility to the war in Ukraine, 2023 will be a complex year for compliance professionals. Our report combines a state-of-the-industry survey with the latest subject matter expertise to offer a roadmap for the year ahead.
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