Several dystopian novels describe a future in which homo sapiens become enslaved or extinct because of the rise of robots and computers. Current buzz in the compliance world doesn't include speculation on our extinction, but there is lots of talk about the rise of "regtech."
Financial institutions should plan out how they will investigate news of terrorist attacks, grand-corruption schemes and other high-profile crimes that often bear compliance ramifications, a senior U.S. official said.
A handful of financial institutions looking to improve how they manage their compliance risks are venturing beyond conventional transaction-monitoring processes to analyzing the totality of their interactions with clients, according to senior compliance professionals.