Insights
We provide timely insights into legal and regulatory developments, emerging financial crime trends risks, and industry best practices.
Publications
Redefining Effective Sanctions Screening and Compliance Pt. 2
In Part 1, we examined the limitations of traditional sanctions screening and the increasing sophistication of sanctions evasion tactics. As sanctions risks become more complex, it is essential for organizations to expand their compliance programme beyond basic list-based screening.
In Part 2, we will dive deeper into the strategies that can help companies bolster their sanctions defenses. By leveraging advanced technologies, conducting enhanced sanctions screening and due diligence, fostering collaboration with regulators, and promoting a culture of compliance, organizations can build a more resilient and dynamic approach to sanctions screening. These steps are crucial for safeguarding against hidden risks and ensuring long-term compliance in an ever-changing regulatory landscape.
Redefining Effective Sanctions Screening and Compliance Pt. 1
In an increasingly interconnected world, regulated entities are exposed to heightened risks associated with sanctions evasion, which can come from indirect ties to sanctioned entities, opaque ownership structures, or hidden links within supply chains. To address these complex challenges, it is essential to redefine what effective sanctions screening looks like by incorporating emerging technologies, enhanced due diligence, and a more nuanced understanding of global regulatory expectations. This article examines how traditional sanctions screening can fail to detect sanctions risks, the rise of sanctions evasion tactics, and the steps that organizations can take to strengthen their sanctions compliance frameworks.
Enhancing AML/CFT/CPF and Sanctions Compliance with OSINT
In today’s evolving financial landscape, organizations must stay vigilant in combating money laundering, terrorism financing, and sanctions violations. Integrating Open Source Intelligence (OSINT) into your Anti-Money Laundering (AML) and sanctions compliance framework is a game-changer. OSINT leverages publicly available information, from sanctions lists to social media data, to uncover hidden risks and connections that traditional methods may miss. This article explores how OSINT can enhance due diligence, improve risk assessments, and provide actionable insights for regulated entities, helping to safeguard financial systems from criminal exploitation.