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.
Late or inaccurate compliance updates can lead to regulatory fines, reputational damage, and customer churn. The cost isn’t just financial, it’s strategic.
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.
Rigid policies fail in fast-changing environments. Move toward frameworks that can be revised easily based on new risk data or jurisdictional changes.
Your risk exposure can change daily. Real-time screening and ongoing monitoring of PEPs, sanctions, and adverse media can dramatically reduce blind spots.
Ensure your compliance team maintains a regular review cadence with external legal advisors, consultants, or regulators. Align interpretations before enforcement comes knocking.
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.
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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