Supporting a robust and risk-based sanctions program with the use of emerging technology and further leveraging advanced analytics require an ever-evolving effort. Analytics and technology must be deployed as proactively as possible in order to stay at the forefront. Simply put, considering the ever-morphing regulatory landscape and level of scrutiny, an institution’s increasingly complex products, services and customer relationships require building out stronger sanctions detection competencies in order to combat advancing technology used for obfuscation, noncompliance and evasion. 

In this article, we explain how compliance stakeholders can seek out opportunities for technological enhancement, no matter the size, geography/jurisdiction or business of the institution.