Tag: Risk-based Approach

CDD and EDD sit at the heart of every regulated firm's defences, yet the distinction between the two is often misunderstood. In short, CDD is...

Regulated financial institutions are operating under sustained and intensifying scrutiny to keep customer records accurate, current and audit-ready. According to KYC360, recent enforcement actions by...

The risk-based approach (RBA) has been a cornerstone of anti-money laundering (AML) compliance. Yet, the RBA has largely been deployed as a static governance...

Financial crime risk assessments used to be treated as box-ticking exercises — annual documents produced to keep regulators satisfied, then filed away until the...

Financial institutions know that regulators rarely judge an AML programme on policy documents alone. When examiners test whether controls work in practice, they often...

The US Office of the Comptroller of the Currency (OCC) has updated its Bank Secrecy Act and Anti-Money Laundering (BSA/AML) examination procedures for community...

Gatekeeper professions – from law firms and accounting practices to estate agents and trust service providers – face increasingly difficult compliance terrain. As financial...

Sanctions screening has become a crucial line of defence in the fight against financial crime, helping to prevent professional and financial services from being...

Financial institutions worldwide continue to face hefty penalties for shortcomings in anti-money laundering (AML) procedures, with fines often reaching into the tens of millions. Napier...

The risk-based approach (RBA) has become a central pillar of financial crime compliance worldwide, replacing outdated one-size-fits-all models with flexible frameworks that adapt to...