- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Financial services firms will soon have at their fingertips a new report offered by SWIFT that provides a global overview of a banking institution’s correspondent banking activities. The new service will be available in January 2015 and forms part of SWIFT’s Know Your Customer (KYC) offering, which is designed to ...
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It may sound futuristic, but “thinking machines” are poised to revolutionize compliance. Artificial intelligence, proponents say, can take care of grunt work, freeing audit and compliance professionals to focus on matters that befit their skills. Advanced automation, however, says Joe Mont, isn’t without concerns and pitfalls.
The Department of Justice’s Evaluation of Corporate Compliance Programs has made the importance of artificial intelligence governance frameworks clear, but it didn’t say what role compliance should play. Here’s the answer.
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
