Toward a Financial Integrity Risk Management Program
This article explores the commonalities between AML, sanctions compliance, ABC, fraud risk management, and export control compliance programs and recommends that organizations consider using a holistic financial integrity risk management and compliance framework.
Safeguarding Trust – How to Balance Innovation and Security in Gen AI-Powered Compliance
This article explores how privacy-first architecture, robust guardrails, and source transparency can build trust while ensuring responsible AI deployment in compliance solutions.
Webinar Recap – The Dos, Don’ts & Expert Insights on Beneficial Ownership
In our recent webinar, regulatory, investigative, and anticorruption policy experts discussed some of the nuances relating to the U.S. Corporate Transparency Act (CTA) and its Beneficial Ownership reporting requirement. Explore the highlights in this article.
A Tipping Point
Learn how gen-AI is reshaping the industry and how tools like AskFIN, IFI’s gen-AI-powered financial crime assistant, are leveraging authoritative resources and privacy-first architecture to drive meaningful innovation.
Side Quest
“Side quests” are initiatives that align staff motivations, interests, and experience with discretionary projects. They provide solutions to enhance staff engagement, performance, and retention, and are particularly valuable where resource constraints may slow promotions or pay increases, or where compliance tasks involve repetitive work.
Calibrating the Crosshairs
This article outlines a practical six-step process financial institutions can follow to implement export control red flags within their compliance program. They are referenced as a key requirement in regulatory expectations of financial institutions, which continue to increase in response to recent geopolitical events.
Unverified and Unsure
The Commerce Department’s Bureau of Industry and Security maintains and administers several lists that involve goods, software, and technology, governed by the Export Administration Regulations. The Unverified List is just one of these. What is the Unverified List and what due diligence obligations do entities that transact with parties on the Unverified List have?
Big Fines, Bigger Lessons
TD Bank’s $3 billion fine highlights a growing trend: regulators are cracking down hard on weak AML programs. Discover why fines are skyrocketing and how strong AML training can help safeguard your institution.
Risky Convergences
New digital solutions in money laundering and underground banking have facilitated the expansion of the criminal business environment in Southeast Asia, integrate billions of criminal proceeds into the formal financial system and enabling the growth of new criminal organizations.
A PEP Talk
Politically exposed persons are individuals who, due to their positions of power, influence, or proximity to government, are susceptible to becoming involved in corruption, bribery, or other financial crimes. And because moving and hiding misappropriated assets often involves money laundering, financial institutions across the globe are tasked with the challenge of identifying and managing these risks.