Smarsh’s Post

As we kick off 2024, the global financial landscape continues to evolve, with anti-money laundering (AML) regulations at the helm of this transformation. These critical regulations are reshaping the #AML framework in key regions around the world.   Discover key trends with the Sanction Scanner’s 2023-2024 Financial Crime and Compliance Report. Get the latest on #regulations shaping the finance world.🔍   🔗 Explore the full report here: https://lnkd.in/dV4i3wUE

As digital assets become more prevalent, banks and financial institutions are seeing the need to adapt their AML policies to cover these new assets, including the Travel Rule. This involves building new capabilities to manage and mitigate the related risks. Taurus Co-Founder, Sébastien Dessimoz, highlights the challenges and shares practical tips for setting up effective processes and controls. 📖 Want to learn more? Check out our article: https://lnkd.in/ei_t2WUe

Please join us for this insightful discussion with on challenges facing banks compliance programs. Hear from experienced FCC leaders Dave H., Bill Radin and @John J. Paino, CAMS, CGSS, CFCS about how they manage their programs, address regulatory requirements and consent orders. #AMLcompliance #Withum

Hansuke’s Financial Services Newsletter provides a weekly roundup of the latest regulatory news headlines from across the financial services industry. This week we cover the European Banking Authority's latest AML/CFT report, the Financial Conduct Authority's information request, the CBDC Taskforce’s ToR, the Financial Reporting Council's consultation on the auditing Ethical Standard and more. Read the full newsletter here: https://bit.ly/3QVKsOY #financialservices #banks #aml #cbdc #ethicalstandards

In 2023, globally, banks faced $442 billion in projected losses from payments, check and credit card fraud. As financial crime increases, adopting new technologies and seizing opportunities for innovation is crucial for prevention. #GlobalFinancialCrimeReport 

Our Banking and Markets Director, Joshua Hurley features in this Risk.net article, exploring new UK clearing rules and how they differ from the old rules. “My general sense is that large-scale changes in Emir won’t really be desired by users, so it will be interesting to see how much change will really be implemented in the new rulebooks,” says Josh. Read the full article here: https://lnkd.in/ewjUJ84B #CCP #clearing #financialservices #regulation

Operational resilience is now a top priority for financial institutions, with imminent regulations set to take effect shortly. These regulations are crucial in ensuring financial institutions are equipped with the essential measures to endure, respond to, and bounce back from operational disruptions. In her latest blog, Sumith Sagar offers an overview of the regulatory initiatives and compliance mandates for operational resilience across different geographies. Read now: https://hubs.ly/Q02v2SVH0 #operationalresilience #banks #financialinstitutions #regulations

In the complex field of finance, following rules to stop money laundering and terrorist funding is very important. Let's look into how checking customers before transactions is crucial. We'll use a real example to understand its big effect on finance. Read our latest blog article on, 'Customer Screening in Financial Institutions: A Critical Pre-Transaction Measure ' that sheds light on: ➡️ The Case of Post-Transaction Screening: A Cautionary Tale  ➡️ The Risks Unveiled  ➡️ The Lesson: Pre-Transaction Screening as a Necessity  ➡️ Reflections and Conclusions  Read the article🔗 https://lnkd.in/dyN4Chub What are your thoughts on this critical aspect of financial compliance? Share your views and join the discussion on the importance of pre-transaction customer screening in the fight against financial crime.  Connect with Cedar Rose today! #Regulations #Financing #FinancialInstitutions #MoneyLaundering #FinancialCompliance #TerroristFinancing  

Recent developments have put a regulatory magnifying glass on remediation processes and practices. Learn what regulators are expecting of banks in terms of remediation, how banks can determine when remediation is needed, and risks involved throughout the decisioning process.