5 Steps to Stay Ahead of Regulatory Change

‍The Fast-Paced World of Regulatory Change

Regulations such as the UK’s Economic Crime Act, FATF recommendations, and the EU’s AML package are reshaping compliance expectations more rapidly than many businesses can adapt. For CCOs and AMLROs, this creates an urgent need to monitor, interpret, and implement changes quickly and accurately.

Hidden Costs of Falling Behind

Late or inaccurate compliance updates can lead to regulatory fines, reputational damage, and customer churn. The cost isn’t just financial, it’s strategic.

Step 1: Centralize Your Regulatory Intelligence

Track laws and updates from all relevant jurisdictions in one place. Use digital tools that aggregate regulatory feeds, newsletters, and guidance documents in real time.

Step 2: Implement Agile Compliance Frameworks

Rigid policies fail in fast-changing environments. Move toward frameworks that can be revised easily based on new risk data or jurisdictional changes.

Step 3: Invest in Ongoing Monitoring Tools

Your risk exposure can change daily. Real-time screening and ongoing monitoring of PEPs, sanctions, and adverse media can dramatically reduce blind spots.

Step 4: Build a Feedback Loop with Regulatory Experts

Ensure your compliance team maintains a regular review cadence with external legal advisors, consultants, or regulators. Align interpretations before enforcement comes knocking.

Step 5: Automate & Document Everything

Use tools like Verify by Tiller to automate screenings, record decision-making, and prepare audit-ready trails. Automation enables compliance teams to respond quickly and minimize manual errors.

How Verify by Tiller Keeps You Ahead

Verify centralizes and automates identity verification, screening, and monitoring, backed by frequent product updates aligned with regulatory changes. For CCOs and MLROs looking for scalable compliance, it’s a game-changer.

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