WHERE THIS STARTED Some months ago, I was involved in a conversation with a client undertaking a transaction monitoring implementation. The client had the makings of a good program, committed team and with everyone around the table having a desire to get it right. During a data mapping session, one of their senior compliance people made a statement that we are all very familiar with, almost in passing, "we all know it's garbage in, garbage out." I have thought about this m
THE EVOLVING LANDSCAPE The financial crime landscape is evolving at an unprecedented pace, demanding more than just compliance from financial institutions (FIs). To effectively mitigate risks, institutions must foster a workforce capable of critical thinking, informed decision-making, and mindful awareness of biases. Training plays a pivotal role in equipping analysts not just with knowledge of regulations but with the skills and behaviors necessary to make sound judgments
THE EVOLVING LANDSCAPE The financial crime landscape is evolving at an unprecedented pace, demanding more than just compliance from financial institutions (FIs). To effectively mitigate risks, institutions must foster a workforce capable of critical thinking, informed decision-making, and mindful awareness of biases. Training plays a pivotal role in equipping analysts not just with knowledge of regulations but with the skills and behaviors necessary to make sound judgments
