Insights

How insurers across lines of business and around the world are modernizing financial-crime compliance across risk assessment, sanctions screening, and artificial intelligence. This is part 3 of a 3-part series.

Regulators on both sides of the Atlantic delivered a heavy month for AML enforcement, headlined by a coordinated $153 million penalty against UBS Financial Services from FinCEN, FINRA, and the CFTC over recidivist transaction-monitoring failures, this represents the largest AML fine ever imposed on a broker-dealer.

Starling, Monzo, Block, Wise, TD and UBS were fined for the same pattern. What opens a control gap, why it stays open for years, and how to check your own.

How insurers across lines of business and around the world are modernizing financial-crime compliance across risk assessment, sanctions screening, and artificial intelligence. This is part 2 of a 3-part series.

How insurers across lines of business and around the world are modernizing financial-crime compliance across risk assessment, sanctions screening, and artificial intelligence.

Entering a new country or securing a new payments or banking license can change a firm's sanctions and payment screening obligations, and the change usually arrives before the first local customer is onboarded.

Regulators worldwide continued to sharpen enforcement and raise supervisory expectations this month.

Attendees will discover practical approaches to leading with confidence, creating space for diverse perspectives, navigating difficult decisions, and remaining true to their principles in high-pressure environments.

This month’s developments include new FinCEN advisories on human trafficking, unauthorized employment schemes, and Iranian sanctions evasion, along with significant sanctions actions targeting Russian, Cuban, and Brazilian networks.

Under the Digital Operational Resilience Act (DORA), disruptions to critical systems, including sanctions screening, can now trigger mandatory incident notification to regulators, often within hours.

Global regulators are raising expectations around AML, sanctions, and financial crime compliance programs, with growing emphasis on effectiveness, operational resilience, and risk-based oversight.

Becki LaPorte, Principal - AML Strategy and Innovation at FinScan, explores how the ongoing crisis in the Strait of Hormuz is fundamentally reshaping sanctions exposure and AML risk across global trade and payments ecosystems.