Advanced Technology for Compliance | FTI Consulting

Advanced Technology for Compliance

Forensic & Litigation Consulting | Legal Business (Reprint)

November 15, 2018

The sanctions landscape is becoming more complex and challenging by the day. Regulatory expectations are increasing and already we have seen the imposition of hefty fines for those that fall short.

In this environment, financial institutions need to be proactive about ensuring sanctions compliance. They must adopt a culture of compliance through policy implementation. That culture cannot be established overnight; it requires ongoing and committed effort from the chief executive and top-level management, setting the tone that non-compliance will not be tolerated.

Fortunately, today’s technology is capable of bringing together and analysing disparate data to find out what someone has attempted to conceal.

This article is republished with the permission of Legal Business, 2018.

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