Third-party risks around financial crime are accelerating and becoming more complex. Evolving sanctions rules, a renewed focus in the EU and UK on money laundering, bribery and corruption, and the UK’s Failure to Prevent Fraud criminal offense all put the onus on companies to understand exactly who their third parties are, who is behind them, and how they expose them to risk.
Best Practices
Posted inBest Practices
How modern investigations actually solve data leaks: Attribution, whistleblowing, and the limits of AI
When confidential information appears in the media, reaches a competitor, or surfaces anonymously online, many organizations assume the source will never be identified. Yet while today’s workplace is more complex than ever, it is also more heavily documented.
Posted inArtificial Intelligence
Don’t overestimate the value of ‘human in the loop’ for AI governance, say experts
One of the key governance tenets around the use of AI is the concept of having a “human in the loop” to query AI-generated responses and to ensure that AI outputs remain explainable, unbiased, and harmless. But there are obvious questions: Which “human” should it be left to—and should it be one person?
Posted inArtificial Intelligence
In the AI governance race, EY’s Dilek Çilingir explains how compliance can keep AI in step
AI has driven massive change in three years, but governance hasn’t kept up, creating integrity and compliance gaps. Risks from hallucinations, misunderstood outputs, and democratized use are now clearer, while some organizations are cutting soaring AI costs.
Posted inCompliance Week
Learning from loss: Compliance lessons from the July Fourth flood
From the outside, compliance is often seen as laws, policies, prohibitions, and mandates—what has to be done or mustn’t be done. But every rule, policy, procedure, and decision has a human impact.
Posted inBest Practices
Preparing for prediction markets regulations is a safe bet
Prediction market contracts initially gained popularity as a way for people to engage in sports betting, but have evolved to mimic financial derivative products with little institutional oversight.
Posted inBest Practices
Why compliance, not technology, will decide the future of digital sovereign finance
A citizen in the Marshall Islands receives universal basic income directly to a mobile wallet via USDM1, a sovereign digital bond backed by U.S. Treasury bills. The pilot shows that digital public finance’s success hinges less on technology than on compliance.
Posted inBest Practices
Take these three actions to improve trade compliance oversight
Global trade compliance is evolving rapidly, presenting greater complexity and risk. Add geopolitical uncertainty, regional conflicts, protectionism, tariffs, and targeted enforcement, and organizations must reevaluate how they manage cross-border operations to stay competitive and compliant.
Posted inRegulatory Enforcement
Compliance implications of the National Fraud Enforcement Division
Eight months after the Trump Administration announced the establishment of a whole-of-government National Fraud Enforcement Division, many in the legal and compliance community are still left speculating about its purpose and scope of enforcement authority.
Posted inBest Practices
Before the first crypto transaction, finance needs a seat at the compliance table
When an established company considers holding crypto, the compliance questions usually come first. Is the activity permissible? Is the exchange or custodian acceptable? Have the wallets been screened? Are AML and sanctions controls adequate? Those questions can all have satisfactory answers while the transaction still produces an outcome the institution did not intend. The reason […]