The threat of organizations not detecting AML activity is ever-present, and the negative impact to their customers, brand image and integrity of business processes are high. As if these issues were not enough, there is also the persistent requirement to remain compliant with government legislation such as the Bank Secrecy Act (BSA).
These sets of regulatory directives are destined to increase in complexity, particularly for global institutions. Some of these regulatory requirements are even seen as being “diametrically opposed”, such as the Right to be Forgotten via GDPR and CCPA conflicting with the requirements around Know Your Customer (KYC) reporting and crime prevention.
Our team of data privacy experts is here to answer your questions and discuss how data privacy can fuel your business.