Accuity Insights Blog

Last year the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new Framework for OFAC Compliance Commitments, outlining the five essential components of a sanctions compliance program and the root causes of compliance violations. Do you have these in place?

International Day of Women and Girls in Science, celebrated mid-February, is a day implemented by UNESCO and UN-Women to promote full and equal access to and participation in science for women and girls. At present, less than 30% of researchers worldwide are women. According to UNESCO data (2014 – 2016), around 30% of all female […]

Increased regulatory scrutiny as evidenced by recent OFAC enforcement actions against insurance providers is a growing concern across the board. It is sending insurance and reinsurance companies a clear message that they need to strengthen compliance. Companies that are still doing AML checks manually – which is not uncommon – are now looking to automate this process.

As a brand new decade gets underway, we’re taking a reflective look back at our top five most visited blogs of 2019. From Adverse Media Screening to Trade Compliance, and Payments Ecosystems to making KYC scalable – we covered a number of emerging industry trends throughout the year.

‘Twas the night of risk and compliance, when all through fintech Not a regulator was stirring, sanctions screening had all been checked…

Growth in the payments ecosystem shows no sign of slowing down, particularly when we consider the predicted future level of volume and value of domestic and cross border payments.

Rivalling the United States’ Black Friday and Cyber Monday as one of the largest shopping events in the world, China’s “Singles’ Day”, also known as “Guanggun Jie”, has once again broken records. With USD38.4 billion in sales, 2019 has lived up to expectations as the largest-ever Singles’ Day to date. Taking place on 11 November, […]

In the first part of our ‘Ask the Expert’ series, we ask Saskia Rietbroek, Executive Director of the Association of Certified Sanctions Specialists (ACSS), about the complexity of navigating the 2019 sanctions landscape.

Transparency in sanctions screening is a first step, but today, explainability is a critical goal. Organisations must be able to explain the entire chain from strategy and risk assessment to policies and procedures.

The country of Nepal has historically been seen as an easy target for money launderers and financial crime, mainly due to its long, porous border with India and cash-dominant economy.