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Insights on Governance, Risk and Compliance
Network management
What are the risks and limitations of the correspondent banking system?
In this article, we discuss the risks in correspondent banking and how to overcome these to benefit your bank and bolster correspondent relationships.
Elucidate team
Feb 9, 2023
 · 
8
 min read
Why a de-risking strategy increases your institution's risk
Compliance
Why a de-risking strategy increases your institution's risk
De-risking emerged as an unintended result of banks with limited alternatives to new regulations. Technology is the strongest ally to fix this.
Elucidate team
Feb 9, 2023
 · 
4
 min read
What the sanctions on Russia mean for financial institutions
Banks
What the sanctions on Russia mean for financial institutions
Announcing sanctions is one thing, ensuring that banks are putting them in place effectively is another challenge altogether. What can banks expect?
Elucidate team
Feb 9, 2023
 · 
6
 min read
What the Danske Bank scandal can teach us about financial crime risk management in correspondent banking
Financial Crime
What the Danske Bank scandal can teach us about financial crime risk management in correspondent banking
Danske Bank recently pleaded guilty to charges of money laundering. This scandal has significant implications for financial crime risk management.
Aml
Financial Crime
Risk Management
Technology
Elucidate team
Feb 9, 2023
 · 
6
 min read
Unlocking the Power of the Network: Rethinking the Financial Crime Risk Framework
Financial Crime
Unlocking the Power of the Network: Rethinking the Financial Crime Risk Framework
The current framework for managing AML risk is underperforming despite the investments being made in terms of raw compliance spend.
Aml
Financial Crime
Regtech
Risk Management
Elucidate team
Feb 9, 2023
 · 
6
 min read
We found over thirty new or expanded tasks the EU AMLA will be asked to take on
Governance
We found over thirty new or expanded tasks the EU AMLA will be asked to take on
The new AMLA is facing a growing list of expectations. How could the private sector help strengthen standards in the EU?
Aml
Financial Crime
Elucidate team
Feb 9, 2023
 · 
2
 min read
Five barriers to banking innovation and how to overcome them
Banks
Five barriers to banking innovation and how to overcome them
Whilst innovation is challenging, it is also very much needed. What is preventing financial institutions from embracing innovation fully?
Banking
Bias
Ctf
Elucidate team
Feb 9, 2023
 · 
5
 min read
Trust and transparency for a fairer financial ecosystem in the MENA region
Financial Crime
Trust and transparency for a fairer financial ecosystem in the MENA region
Last month, our CEO Shane Riedel moderated a panel discussion at the 2nd MENA RegTech Virtual Executive Boardroom Conference.
Financial Crime
Regtech
Technology
Elucidate team
Feb 9, 2023
 · 
7
 min read
The Enterprise Wide Risk Assessment (EWRA): From ticking the box to an effective Zero Line of Defence
Regulators
The Enterprise Wide Risk Assessment (EWRA): From ticking the box to an effective Zero Line of Defence
Lithuania's Center of Excellence in Anti-Money Laundering invited our Head of Public Sector to address the topic of Enterprise Wide Risk Assessments.
No items found.
Elucidate team
Feb 9, 2023
 · 
4
 min read
Standardizing financial crime risk assessments: The new approach by the EU
Regulators
Standardizing financial crime risk assessments: The new approach by the EU
How a proposal for a single, harmonised supervisory assessment methodology for banks in the EU can change everything.
Technology
Financial Crime
Elucidate team
Feb 9, 2023
 · 
5
 min read
Sanctions risks: KYC challenges and how to overcome them
Financial Crime
Sanctions risks: KYC challenges and how to overcome them
From tech and operational challenges, to manual KYC and AML processes - here's how to tackle these challenges when evaluating sanctions risk.
Financial Crime
Fintech
Risk Management
Technology
Banking
Elucidate team
Feb 9, 2023
 · 
7
 min read
Overcoming experimenter’s bias to better manage financial crime risk
FinTech
Overcoming experimenter’s bias to better manage financial crime risk
Financial crime is pervasive, dynamic, and often on such a scale that even the most apparently safe industries and regions are open for exploitation.
Risk
Technology
Risk Management
Financial services
Management
Elucidate team
Feb 9, 2023
 · 
5
 min read
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