Tag: Global Economy

As 2025 unfolds, the wealth management sector finds itself at a pivotal moment, shaped by global economic shifts, technological advancements, and evolving investor expectations. A combination of geopolitical uncertainty, demographic changes, and digital transformation is forcing firms to reassess their strategies to remain competitive in an increasingly complex environment.

Sanctions are essential mechanisms employed by countries and international bodies to support national security, uphold human rights, and combat illegal activities such as terrorism, drug trafficking, and international crimes.

Modern slavery continues to deeply impact economies worldwide. A 2024 report by the International Labour Organization highlights a disturbing increase in profits from forced labour, which now total an estimated $236bn annually—a 37% jump since 2014.

Ensuring compliance with sanctions screening is pivotal in risk management for globally operating businesses.

The role of AI has ballooned in recent years, and the recent introduction of GenAI platform ChatGPT has seen the sector soar further.

RegTech firm Arctic Intelligence recently provided a guide to understanding and mitigating money laundering and terrorism financing risks.