#RiskBasedApproach

OpusDatum

@opusdatum.bsky.social

1 week ago

The Permission Gap: Risk Acceptance in a Zero Tolerance World When the Financial Action Task Force (FATF) published its Guidance for a Risk-Based Approach for Money or Value Transfer Services, it included a statement of unusual candour. That statement should hav...

The FATF says the risk-based approach is ‘not a zero failure approach’. Without a dedicated risk assessment, risk acceptance is not a governance decision.
#WTR #WireTransferRegulation #FATF #TravelRule #AML #FinancialCrime #Compliance #RiskBasedApproach #PSP #FinancialServices #WTRKnowledgeHub

OpusDatum

@opusdatum.bsky.social

3 months ago

From Static Lists to Smart Networks: The Future of PEP Screening Risk A Politically Exposed Person (PEP) is an individual entrusted with a prominent public function who may present a heightened risk of involvement in bribery, corruption, or other financial crime. In the...

PEP screening is moving beyond static lists towards smarter, network-based risk analysis.
#FinancialCrime #AML #PEPs #Compliance #Screening #RiskBasedApproach #RiskManagement #AI #RegTech

@hderengerve.bsky.social

4 months ago

(6/7) One small relief: the final EP position managed to reintegrate a #RiskBasedApproach (#RBA)in the definition of what #DueDiligence is meant to be to ensure an appropriate identification of risks & occurrences of #HumanRightsAbuses & #EnvironmentHarms

OpusDatum

@opusdatum.bsky.social

10 months ago

Is AI Replacing Traditional Risk-Based Financial Crime Approaches? For decades, banks have relied on the risk-based approach (RBA) to combat financial crime, as mandated by global regulators like the  Financial Action Task Force  (FATF), the Financial Conduct Authori...

Traditional compliance models rely on static risk tiers and manual reviews. But AI is changing the game by offering dynamic, real-time risk detection. Should banks stick with the old model or evolve?
#AML #FinancialCrime #Compliance #AI #Innovation #RiskManagement #RiskBasedApproach

Christina Ayiotis

@christinaayiotis.bsky.social

10 months ago

Spring 2025 @privsecacademy.bsky.social #AI Workshop #Deploying #AI #Systems @futureofprivacy.bsky.social
Counsel Amber Nicole Ezzell/Daniel Berrick; Luminos.AI CCO Anne B. Bradley; @zwillgen.com Director Brenda Leong; @hoganlovells.bsky.social Partner Bret Cohen #privsecforum #RiskBasedApproach