AML Voices: Financial Crime Compliance: Year in Review скачать в хорошем качестве

AML Voices: Financial Crime Compliance: Year in Review

Session Overview AML RightSource's expert panel reviewed the most significant developments in financial crime compliance during 2025, examining both domestic and global challenges while looking ahead to 2026. The conversation covered regulatory changes, emerging risks, and practical strategies for compliance professionals navigating an evolving landscape. Major Highlights 1. FinCEN FAQs: A Game-Changing Clarification The panel identified FinCEN's Frequently Asked Questions—jointly issued with all federal banking supervisory agencies—as 2025's most significant surprise. These FAQs clarified three critical areas that had evolved into burdensome expectations without being actual requirements: SAR Decision Documentation: Financial institutions are not required to extensively document decisions not to file Suspicious Activity Reports, though the panel emphasized maintaining reasonable documentation remains prudent Continuing Activity Reviews: No regulatory requirement exists to continuously monitor and re-file SARs on the same activity, particularly for automated transaction monitoring alerts CTR Structuring: Clarified that structuring analysis should follow the actual regulatory definition—transactions within a 24-hour period—rather than the expanded timeframes many institutions had adopted The panelists agreed these clarifications present opportunities to reallocate resources more effectively while maintaining robust compliance programs. 2. The De-Banking Debate The panel discussed the politicization of customer risk management decisions, with new scrutiny on what has been termed "de-banking." Several states have passed fair access laws, and the OCC issued a preliminary report identifying instances where institutions allegedly exited relationships for political or religious reasons. Key takeaways included removing "reputational risk" language from AML policies and ensuring exit decisions are based on quantifiable suspicious activity rather than qualitative judgments. 3. Artificial Intelligence: From Skepticism to Opportunity All panelists acknowledged AI's rapid evolution in 2025 as a legitimate tool for financial crime compliance. Practical applications being explored include narrative generation for SARs, quality control automation, transaction monitoring alert analysis, and reducing administrative burden on investigators. However, institutions must address data security concerns, particularly around maintaining SAR confidentiality when using AI tools. 4. Fraud and Scams: An Escalating Challenge The panel highlighted the continuing surge in fraud, particularly social engineering scams, business email compromise, and elder abuse. Fraudsters are increasingly sophisticated, often convincing customers to bypass security controls themselves. The panelists emphasized that while banks have improved detection capabilities, prevention remains challenging when customers unwittingly participate in schemes. 5. Regulatory Evolution and Uncertainty Despite expectations, comprehensive AML reform regulations did not materialize in 2025. Meanwhile, the panel noted upcoming changes to Customer Identification Program requirements that allow institutions to obtain taxpayer identification numbers from sources other than directly from customers—a potentially significant operational improvement. Looking toward 2026, the panel anticipated continued regulatory evolution with some uncertainty about how far deregulation trends will proceed. 0:00 Start 0:08 A Year in Review of Financial Crime Compliance: Surprises and Challenges 4:55 Bank Challenges and Regulatory Changes 8:27 The Evolution and Importance of Documentation in Financial Institutions 10:49 Requirements and Expectations of Ongoing Activity Reviews and Transaction Restructuring 14:09 Financial Regulation and Transaction Monitoring Programs 18:00 Cryptocurrency Regulation and Compliance Challenges 21:20 Cryptocurrency Compliance and Concerns in Financial Institutions 26:06 Challenges and Regulatory Focus on Banking as a Service 28:08 Challenges and Future of Banking as a Service 29:34 Fraud Challenges and Scam Prevention Strategies 33:53 Fraud Prevention and Cybersecurity Measures in the Banking Industry 37:59 De-Risking and De- Bancing Strategies in the Context of SARS 41:54 Navigating the Challenges of Fair Access Laws and Regulatory Compliance in the Banking Industry 46:02 Impact of New Banking Policies on Client Relationships and Policies 48:30 Use and Challenges of Artificial Intelligence in Financial Crime Compliance Prevention Detection 54:02 Use and Impact of AI in Financial Institutions 57:21 Predictions and Discussions on Financial Crime Compliance for 2026