How is Your Organization Enhancing Ongoing Compliance & Operations with AML Optimizations?

As the number and complexity of regulations increase, so does the cost of compliance, with an increasing volume of alerts, more extensive investigations, and greater scrutiny on compliance practices. Regulators increasingly lean on institutions not only to justify the rationale behind AML model changes, but also validate the efficacy of existing models and the assumptions upon which those models are built. The penalties for non compliance not only represent a financial threat to the institution, in the form of large fines, but also a risk to the institution's senior management, with regulators moving toward a system of personal liability.

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