ON DEMAND WEBINAR
Key takeaways
Latest legislative changes: Stay up to date with the most recent regulatory changes, ensuring your organization's compliance frameworks are robust and effective.
Regulatory inspections: Delve into real-world examples of regulatory guidance and enforcement actions related to payments screening.
Developing a risk-based approach: Explore the most appropriate risk databases such as PEPs, adverse media, or UBOs in addition to sanctions; Identify critical data fields in payment messages; Understand deliberate or erroneous data anomalies
Enhancing efficiency: Discover practical tips and strategies, including certifications from bureaus and native ingestions of modern payment messages, to streamline and improve the efficiency of your screening processes while allocating your resources more effectively.
Financial institutions are presented with a multitude of challenges when integrating their payment processing and sanctions compliance programs. On the regulatory side, institutions are expected to continually assess their financial crime compliance framework, including sanctions, to ensure that it is operationally effective and meets ever-evolving regulatory and governance expectations. On the payment processing side, there is a constant struggle to strike the right balance between detecting and preventing sanctions or other AML violations, and processing customer payments without unnecessary delay.
In this engaging and informative session, our panel of experts navigates the tumultuous terrain of geopolitical developments and the technological capabilities required to support your organization’s compliance needs.
Speaker
Steve Marshall
Director, FinScan Advisory Services, Innovative Systems