Credit: Yingyaipumi/Adobe Stock; Geopolitical Risks Force Us to Fastrack AI in Financial Crime Compliance
The pace of change combined with the unpredictability of updates from major regulators has increased pressure on legal and compliance professionals to keep pace.
January 22, 2024 at 10:00 AM
5 minute read
The designation of individuals and entities by EU, UN, U.S., and UK sanctions regimes continued at atypical levels in 2023 due to an increasingly volatile geopolitical landscape. There were on average more than 300 additions each month to lists covering these jurisdictions in the 12 months to June 2023 according to Dow Jones analysis, and that trend is set to continue.
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