CeFPro Research | LSEG Risk Intelligence
The State of Financial Crime Compliance Programs in US and EMEA
The challenge of staying ahead of financial crime has never been more daunting for risk and compliance professionals. As the threats of fraud, cybercrime, and money laundering grow increasingly sophisticated, the ability to adapt to these emerging risks is critical. While many institutions remain confident in their current strategies, there are growing concerns about future readiness that cannot be ignored.
With emerging risks, advancing technologies, and shifting regulations, the ability to stay resilient is uncertain. CeFPro’s latest intelligence report in collaboration with LSEG Risk Intelligence explores these challenges and offers critical insights into strengthening compliance efforts to meet the demands of an increasingly complex financial landscape.
Unlock the key to success in financial crime compliance
In today’s rapidly evolving financial landscape, staying ahead of financial crime risks is no longer just a challenge—it’s a necessity.
By reading this report, you’ll gain exclusive insights into how leading institutions are managing sophisticated fraud schemes, cybercrime, and many more evolving risks, and what strategies you need to implement to stay resilient.
- Discover the effectiveness of current screening and due diligence processes.
- Learn about the latest technological advancements.
- Understand the critical resource allocations required to protect your institution.
Whether you’re a compliance officer, risk manager, or industry leader, this report is the key to strengthening your compliance programs and ensuring long-term success. Future-proof your financial crime compliance strategy today.
Critical insights shaping the future of compliance
emphasized fraud as a leading concern for financial crime departments.
are not highly confident in their institution's ability to effectively address emerging threats.
did not receive additional budget for financial crime compliance efforts despite increasing demands.
An essential read or anyone committed to strengthening their financial crime compliance programs and ensuring long-term resilience.
Explore the latest trends and challenges as you equip yourself with the knowledge needed to enhance financial crime prevention and mitigation tactics, allocate resources effectively, and stay ahead of regulatory changes.
Explore what's inside:
Innovation changing the face of predicate crimes
Innovation is rapidly transforming the nature of predicate crimes, with technological advancements both amplifying threats like fraud and cybercrime, and challenging organizations to keep pace with these evolving risks.
Fast-moving compliance and regulation
The fast-paced evolution of regulations is challenging institutions to quickly adapt their compliance frameworks, requiring continuous investment in technology and resources to stay compliant and mitigate risks.
Capacity versus reality
A significant gap exists between institutions’ perceived effectiveness in managing current risks and their confidence in addressing emerging threats, highlighting a critical need for enhanced preparedness.
Keeping up with technology
To stay ahead of evolving financial crime threats, organizations are increasingly relying on advanced technologies like data cleansing and predictive analytics, but many are struggling to keep pace with the rapid innovation required to maintain effective risk management.
Risk data challenges
The quality and consistency of risk intelligence data remain significant concerns, as inaccuracies can undermine an institution’s ability to proactively address complex and rapidly changing financial crime risks.
Budget and resource demands
Despite the increasing need for advanced compliance measures, many institutions struggle with stagnant budgets and resource constraints, impeding their ability to upgrade technologies and effectively manage evolving financial crime risks.
About LSEG Risk Intelligence
LSEG Risk Intelligence provides a suite of solutions to help organisations efficiently navigate risks, limit reputational damage, reduce fraud and comply with legal and regulatory obligations around the globe. From screening solutions through World-Check, to detailed background checks on any entity or individual through due diligence reports, and innovative identity verification, account verification and digital onboarding services – organisations can trust LSEG Risk Intelligence to help themmanage their risk, so they can operate more efficiently, more effectively and more confidently. To learn more, visit www.lseg.com/risk-intelligence
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