Report Flags ‘Derisking Risk’ in Banking Sector

A new report from the Government Accountability Office says tough AML compliance obligations are contributing to a “derisking” wave in banks along the U.S.-Mexico border, which are closing branches and filing far more suspicious activity reports than in other parts of the country. The report examined 406 banks across the United States, including 115 along…

Read More

Automation of Third-Party Due Diligence: Before Starting

So there we were, me and a fellow compliance enthusiast, talking about automation of third-party risk management. This is the sort of conversation you have when you’re me. Automating portions of your third-party risk management is a great idea. After all, large corporations are awash in third parties these days. According to the 2016 Kroll…

Read More