Accuity Insights Blog

As part of our ‘Ask the Expert’ series, we ask Hdeel Abdelhady, Principal Attorney at MassPoint Legal and Strategy Advisory PLLC, about international sanctions, enforcement trends, and the role of lawyers as gatekeepers of the financial system.

In the global fight against financial crime, each region faces unique challenges, and those faced by Pakistan are, arguably, more complex.

By providing more detailed information about all parties involved in a payment, the ISO 20022 message format will not only speed up payments, but increase transparency, improve sanctions screening and help organisations better detect and prevent financial crime.

ISO 20022 will impact a wide number of bank functions, from payments processing systems to foreign exchange, treasury, billing, screening, trade finance, and other operational areas. Before a ‘payments nirvana’ can be achieved, organisations should be prepared for what is likely to be a troublesome transitional period.

With regulation increasing, but compliance budgets static, companies need to reduce operational compliance overheads in a way that is explainable, effective and efficient.

As barriers continue to fall and international trade increases, the need for fast, accurate and efficient cross-border payments will continue to escalate. Meeting this need can only be accomplished with initiatives like ISO 20022.

As barriers continue to fall and international trade increases, the need for fast, accurate and efficient cross-border payments will continue to escalate. Meeting this need can only be accomplished with initiatives like ISO 20022.

The 5th Anti-money Laundering Directive came into force in January, but it seems as though many organisations – law firms included – are lagging behind in their compliance. This blog as first seen on the Law Society of England and Wales website explains what changes and requirements the directive introduces, and what you need to […]

As the current humanitarian crisis unfolds, how are governments adapting their sanctions regimes – and how can organisations keep up?

The COVID-19 pandemic is changing the world in ways that will linger long after the virus has been brought under control.