The global sanctions landscape is more complex and challenging than ever before as regulatory scrutiny continues to rise. According to Accuity’s Sanctions Pulse infographic, major regulators (including OFAC, EU, UN) updated their sanctions lists 210 times in 2020, and sanctions violation fines issued by OFAC alone exceeded $1.3 billion in the past two years.
Compliance professionals from both financial institutions and non-financial institutions face significant sanctions-related challenges. They need to ensure that they have sanction compliance programs in place and these compliance programs are robust. Doing so will provide built-in mechanism to assess an entity’s compliance program before conducting business with them.
To help financial institutions and Non-financial institutions to stay compliant in the complex sanction landscape, Accutiy co-hosted this webinar with Fintech Association of Hong Kong on 22nd April (Thursday). “Mitigating financial crime risk with technology in the complex sanction landscape” features a distinguished panel of experts, including Henry Chan, Head of Sanctions and International AML , Tencent & Douglas Wolfson, Director of Market Planning, LexisNexis Risk Solutions , Helene Li, General Manager from Fintech Association of Hong Kong.
In this webinar, the speakers gave a deep dive into:
- How to mitigate Financial Crime Risk in the Non-FI Industry
- How to Efficiently Deliver a Financial Crime Compliance program
- How Fintech companies should handle financial crime compliance