Accuity Insights Blog

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.

Efficiency in sanctions compliance is all about allocating the right resources, while optimising results and maintaining effectiveness. It is critical in reducing costs and mitigating the risk of fines and reputational damage.

The trend towards instant payments is accelerating – but so too are incidences of financial crime. Innovation in payments screening must keep pace with the sector’s transformation if the goal of safe, secure real-time payments is to be achieved.

Regulators are getting serious about the quality of sanctions screening programmes. Institutions around the world need to be prepared, advises Sophie Lagouanelle, Head of Solutions at Accuity.