The Morning Risk Report: HSBC Case Set Compliance Trends in Banking

By Sam Rubenfeld

…As such, many financial institutions have increased their financial crime risk management to meet higher regulatory expectations and to protect against an increasingly dynamic threat matrix, said Howard Mendelsohn, managing director of The Camstoll Group, a firm that advises companies on identifying and managing sanctions-related risk. “From the introduction of new sectoral sanctions programs to elevated expectations around know-your-customer compliance and beneficial ownership, smart sustainable approaches will continue to be needed to limit the risk of regulatory and enforcement trouble,” he said.