By Jenna Danko on Jan 27, 2015
In this post, Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications at Oracle, defines the practice of exiting customer relationships. This approach (and the term de-risking) is becoming increasingly more prevalent and has drawn recent criticism from regulators and institutions, such as FATF who have concerns over the impact of these actions. Instead of dropping high risk business, companies are instead being urged to improve their risk financial crime and compliance frameworks and reap the potential benefits.[Read More]
Last week, the Basel Committee on Banking Supervision issued a set of guidelines describing how banks should include the management of risks related to money laundering and financing of terrorism (AML/FT) within their overall risk management framework.
Join Matthew Long, Financial Crime, Operational Risk and Compliance Management Specialist for Oracle Financial Services, as he expands on these guidelines and outlines what organizations can to do manage AML/FT risks.[Read More]
In today's age of combating financial crimes and keeping up with regulatory compliance, there are very few financial institutions whose compliance and fraud management departments have not toyed with the idea of an enterprise case management strategy. However, and unfortunately, very few institutions have tasted success in their strategy.
Join Gaurav Harode, Sales Consulting Director for Oracle Financial Services Analytical Applications, as he takes us through the steps for implementing a successful case management strategy.
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