Tag: three lines of defence

Transaction reporting under MiFIR was never designed to be a box-ticking exercise. Its purpose has always been to support the detection and investigation of...

Financial crime risk assessments sit at the centre of a financial institution’s internal integrity, yet they remain one of the least understood components of...

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.