Compliance back to the future
The financial crime compliance landscape looks very different than it did in 2010. How will it have changed again in five years’ time? Will enforcement actions continue to make headlines? Are there other illicit activities that will need to be combated, which haven’t yet made headlines? Will we see greater convergence in terms of regulation, standards and practices, or will fragmentation continue? How will geopolitics and the evolving tactics of financial criminals affect the way banks do business and regulators write laws? Will sectorial sanctions continue to evolve? What is the view of the underlying clients, and how will they be impacted by increased extra-territorial demands from regulators in many markets, and not just those that have been most active to date?