[[{“value”:”We need to break down the barriers to innovation in disrupting financial crime. Some of those barriers stem from the supervisory regime. Some of them are of our own making. This statement from The Wolfsberg Group provides a roadmap for navigating all the big challenges in transition & innovation, written by those in the trenches:
🧭 Recognizing that this is not 2015 – your automated monitoring platform is not the single pillar upon which your entire program rests. Your internal FIU has likely increased substantially in the last several years, and your data analytics capabilities have taken off. Complement them, see the ecosystem.
🧭 Questionably “suspicious” SARs/STRs – if our advanced models are to learn properly, we need to put behind us this defensiv”}]] Read More