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FinTech Ops

Financial Service Firms Can’t Afford to Risk Sanctions Violations

October 28, 2024 by Nick Holland

Financial Service Firms Can’t Afford to Risk Sanctions Violations

Sanctions violations are increasingly risky for financial firms, given regulators' strict policies and the high costs of non-compliance. Firms must implement proactive measures, including robust screening, updated compliance frameworks, and thorough staff training, to avoid potential penalties. With global sanctions expanding, a lapse could lead to financial and reputational damage, making compliance an essential investment.

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Sanctions Compliance

Avoiding Sanctions Penalties: Insights from Danny McGlynn at the IFl

October 22, 2024 by FTF News

Avoiding Sanctions Penalties: Insights from Danny McGlynn at the IFl

FTF’s Nick Holland explores the importance of sanctions compliance with Danny McGlynn at the Institute for Financial Integrity.

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