Castellum.AI’s Post

Discover the transformative power of data analytics in Anti-Money Laundering (AML).  With enhanced risk detection, streamlined compliance, and strategic decision-making, CAMC ensures your business stays ahead of financial crimes.  Learn how we can help you harness data for robust #AMLsolutions.  Follow us for more insights on compliance and data-driven strategies.  #DataAnalytics #AML #Compliance

In our latest True Cost of #FinancialCrime Compliance Report, Katarina Pranjić, CAMS, CAMS, Head of #Regulation & #Policy at LexisNexis Risk Solutions, uncovers fascinating trends in the evolving landscape of #compliance: 📌 #Regulatory expectations remain the primary driver of compliance costs, but geopolitical events are increasingly significant. 📌 Rising compliance costs are now influencing regulatory direction, sparking a shift toward smarter regulation aimed at reducing time and cost burdens for financial institutions. 📌 A prime example? The ongoing conversations around a risk-based approach for domestic #PEPs—a move designed to ease the burden while maintaining compliance integrity. For more insights, download the latest True Cost of Financial Crime Compliance report: ➡️bit.ly/49QALcb #TrueCostOfCompliance #Compliance #FCC RELX

📢 Customer due diligence (CDD) processes remain the largest single operational cost, representing two-thirds of total financial crime compliance costs in 2022. This significant expense highlights the critical role of CDD in preventing financial crimes. Financial institutions are investing heavily in CDD to meet regulatory requirements and protect against money laundering, fraud, and other illicit activities. Despite advancements in technology, the complexity and labor-intensive nature of CDD contribute to its high costs. 📢 To see more of the breakdown, read our True Cost of Compliance report. #FinancialCompliance #CustomerDueDiligence #CDD #ComplianceCosts #FinancialCrimePrevention #TrueCostOfCompliance #2022Report https://lnkd.in/dKRQdMbE .

✅ I’ve just completed "Enhancing Financial Inclusion with a Risk-Based Approach" from ACAMS and gained valuable insights into applying a risk-based approach to anti-money laundering (AML) controls. #Compliance #AML #ProfessionalDevelopment #LearningJourney

Is your sanction screening system performing at its best? 🚨 Our blog breaks down the six essential steps every financial institution should take to enhance the effectiveness of their sanction screening process. From senior management oversight to cutting-edge technology and rigorous testing, these steps ensure you're equipped to meet global regulatory standards. Don’t leave your compliance to chance—discover insights that could transform your sanction screening. Read the full article here: https://buff.ly/4eip7Io #SanctionScreening #FinancialCrime #AML #Compliance #RiskManagement

Attain a heightened level of control and accountability in internal breach management through the customised capabilities offered by My Compliance Centre. Learn more via the link below: https://buff.ly/3LKbghK #FCACompliance #ComplianceManagement #RegulatorySuccess

In our latest True Cost of Financial Crime Compliance Report, Katarina Pranjić, CAMS, Head of Regulation & Policy at LexisNexis Risk Solutions, uncovers fascinating trends in the evolving landscape of compliance: 📌 Regulatory expectations remain the primary driver of compliance costs, but geopolitical events are increasingly significant. 📌 Rising compliance costs are now influencing regulatory direction, sparking a shift toward smarter regulation aimed at reducing time and cost burdens for financial institutions. 📌 A prime example? The ongoing conversations around a risk-based approach for domestic PEPs—a move designed to ease the burden while maintaining compliance integrity. For more insights, download the latest True Cost of Financial Crime Compliance report: ➡️bit.ly/4i9vrEv #TrueCostOfCompliance #Compliance #FCC

In our latest True Cost of Financial Crime Compliance Report, Katarina Pranjić, CAMS, Head of Regulation & Policy at LexisNexis Risk Solutions, uncovers fascinating trends in the evolving landscape of compliance: 📌 Regulatory expectations remain the primary driver of compliance costs, but geopolitical events are increasingly significant. 📌 Rising compliance costs are now influencing regulatory direction, sparking a shift toward smarter regulation aimed at reducing time and cost burdens for financial institutions. 📌 A prime example? The ongoing conversations around a risk-based approach for domestic PEPs—a move designed to ease the burden while maintaining compliance integrity. For more insights, download the latest True Cost of Financial Crime Compliance report: ➡️bit.ly/4i9vrEv #TrueCostOfCompliance #Compliance #FCC

In our latest True Cost of Financial Crime Compliance Report, Katarina Pranjić, CAMS, Head of Regulation & Policy at LexisNexis Risk Solutions, uncovers fascinating trends in the evolving landscape of compliance: 📌 Regulatory expectations remain the primary driver of compliance costs, but geopolitical events are increasingly significant. 📌 Rising compliance costs are now influencing regulatory direction, sparking a shift toward smarter regulation aimed at reducing time and cost burdens for financial institutions. 📌 A prime example? The ongoing conversations around a risk-based approach for domestic PEPs—a move designed to ease the burden while maintaining compliance integrity. For more insights, download the latest True Cost of Financial Crime Compliance report: ➡️bit.ly/4i2EUgN #TrueCostOfCompliance #Compliance #FCC

In the world of BSA/AML, it's crucial not to get stumped by the complexities. Here’s Tiger Woods giving us a visual lesson: 𝐢𝐭’𝐬 𝐚𝐥𝐥 𝐚𝐛𝐨𝐮𝐭 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞. At RiskScout, we guide community financial institutions to see beyond the bark and focus on what really matters. Don’t let compliance be a rough patch—reach out for a virtual ☕️ and let's branch out with confidence 😉 #bsa #aml #amlcompliance #compliance #riskmanagement #communitybanks