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.
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.