Lessons from the Leaders: Perspectives from the front lines of fincrime compliance

While most of us are ready to move forward from past 18 months, for those of us in the financial crime compliance world, this period has been one marked by unprecedented changes and disruptions to the industry. From soaring incidents of cybercrime and fraud to record-high fines for AML violations, the pandemic brought about a period of new opportunities for money launderers and criminals.

But this period was also one marked by new levels of collaboration between banks and increased innovation, with rising demands for new approaches to combat these evolving threats – from increased tech adoption to better collaboration between institutions.

As we all settle into the “new normal,” we reflect back on the conversations we’ve had with some of the leading banking and compliance experts and thought leaders over the past 18 months. What challenges do they face going forward? What are the biggest pain points in their collective battles against financial crime? What lessons can these leaders teach us? And what hope, if any, does technology offer in this new era of financial crime?

On this Financial CrimeCast, we explore this topic and more with John O’Neill, SVP, at award-winning Regtech, Silent Eight. Drawing on his work with financial institutions around the globe, John shares some of the key insights he’s gained from speaking and listening to those directly on the frontlines over the last year.