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Insights

Sanctions and PEP – Expect More and Stricter Implementation

KYC: Effective shouldn’t be expensive

KYC (Know Your Customer) can be cumbersome and expensive. The onboarding  process, with multiple checks, can consume vast amounts of time and resources. Often it seems like a burden, which is frustrating for a such an essential process. Typically, challenges

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Just When You Thought Your Paintings Were Safe…

Everything from your morning coffee purchase to business transactions seems to takes place online. So it seems almost quaint to worry about the physical theft of a painting. But just Google “art heist movies” and take your pick. It’s a popular genre on-screen and in...

Hard Cases Make Bad Law – and more Layers of Compliance

The old legal maxim, “Hard Cases Make Bad Law,” has wide application. It reflects the difficulty of legislating in response to unusual or extreme circumstances. Often the result is a law that doesn’t serve well in general application, or it might come with unintended consequences....

Compliance, and why rushing to AI might be missing the point

Don’t get me wrong. I have nothing against AI. But its use requires considerable thought, not just in initial application, but in oversight too. It’s not yet the magic answer we might have hoped for. This is especially so in the financial services industry, where...

KYC: Effective shouldn’t be expensive

KYC (Know Your Customer) can be cumbersome and expensive. The onboarding  process, with multiple checks, can consume vast amounts of time and resources. Often it seems like a burden, which is frustrating for a such an essential process. Typically, challenges include: Complex regulations make it...

Compliance – an Opportunity, Not a Straightjacket

Compliance, much like the financial world it serves, is anything but static. It has a quasi-organic nature, changing over time and according to context. It evolves alongside regulations, threats, and the needs of your customers. While Know Your Customer (KYC) forms a bedrock, that is...

Sanctions and PEP – Expect More and Stricter Implementation

In financial services, active compliance is more important than ever. The war in Ukraine, and the Gaza crisis, means that fallout from international relations reaches deep into the commercial world. Heightened geopolitical turmoil necessitates an even more robust approach to regulatory compliance. These must transcend...