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Tag: financial crime risk management
OCC moves to cut regulatory burden for community banks
The Office of the Comptroller of the Currency (OCC) has announced additional steps aimed at supporting community banks by reducing unnecessary regulatory burden, while...
Why spreadsheets fail financial crime risk teams
For years, spreadsheets have been the quiet workhorse of financial crime risk assessments. Familiar, flexible and easily accessible, they became embedded in compliance functions...
Why financial crime risk assessments can’t survive without technology
Financial crime risk assessments were once treated as periodic compliance exercises, built on spreadsheets, static documents and fragmented email workflows. These approaches relied heavily...
Why fraud and AML convergence boosts ROI
Mid-sized US banks and credit unions are reaping major financial rewards from combining their fraud and anti-money laundering (AML) operations.
A recent report from...
Maximising risk management: The indispensable role of enterprise-wide risk assessment solutions
The constant evolution and intricacy of today's risk environment demand robust financial crime risk management tools. As financial crime threats and risks continuously evolve, an Enterprise-Wide Risk Assessment (EWRA) has become essential for regulated businesses.
How Acuminor helped to transform a Nordic bank’s financial crime risk...
In a recent post by Acuminor, the firm described how its Risk Assessment Pro platform helped to change a bank's financial crime risk management.
