By Compli-Serve
The past week saw two of the largest US bank enforcement actions of the year, both centred on Bank Secrecy Act (BSA)/anti-money laundering (AML) failures. International regulators were comparatively quieter, with smaller fines, a new criminal investigation in the UK, and continued focus on sanctions and market ...
Read More
By Lee Rossini
Systems thinking is a management approach that examines how different parts of a business interact to influence overall performance. Rather than treating problems as isolated events, it considers the relationships, processes, feedback loops and underlying structures that produce particular outcomes. It recognises that decisions made in one area can have unintended consequences elsewhere. For example, in financial services, reducing the time allocated to client verification may improve onboarding efficiency but increase compliance risk, regulatory breaches and future remediation costs. Systems thinking encourages managers to evaluate these interconnected effects before making decisions, supporting a more holistic understanding of business performance.
Read more...Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May deadline. View the CPD FAQs for more on accessing the CPD quizzes.
