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Recent developments on the US and foreign law enforcement fronts, alongside signals of a potential shift in Bank Secrecy Act (BSA) obligations, renew pressure on entities to ensure that the quality of their beneficial ownership compliance and third-party screening practices meets rising expectations.
Geopolitical upheaval, simmering trade wars, and shifting regulatory and legal norms demand thoughtful recalibration of business risks. They also require diligence and investigative capabilities that are agile and up to date.
The IPO process is a formidable one. The accountability of a soon-to-be public company, as well as the underwriters and attorneys that represent them, necessitates a level of scrutiny and pre-listing ongoing diligence that goes deeper, farther, and wider than nearly any other type of transactional due diligence.
Beneficial ownership compliance is in flux. Even experienced legislation watchers and savvy compliance experts are confounded by erratic posturing and mixed messages emerging from global jurisdictions.
We’re bringing our professional risk management, compliance, and due diligence toolkit to the field of impact investing.
In the first update to its framework for assessing the money laundering risk of Politically Exposed Persons (PEPs) since 2008, the Wolfsberg Group urged financial institutions to focus resources on high-risk PEPs.
NEWS RELEASE: Two global risk management pioneers today announced a partnership that streamlines the delivery of high-volume compliance and third-party screening solutions to large and small corporates, financial institutions, private equity firms, and a host of other regulatory compliance consumers.
CEO Jim McWeeney describes the benefits of predictive risk analysis for addressing regulatory requirements in preparation for FinCEN’s new Customer Due Diligence Final Rule, scheduled to take effect in May 2018.