In a recent article in Lexology PRO, Amanda Raad, co-head of the anti-corruption & international risk, crisis management & investigations practices, and R&G Insights Lab, offers guidance for in-house teams navigating the evolving US financial crime enforcement landscape.
With enforcement fines for money laundering and sanctions breaches dropping significantly last year and the realignment of regulatory priorities, some companies may be tempted to scale back compliance efforts in deprioritized areas. Amanda cautions against this approach, saying, "Enforcement priorities shift all the time, and the laws remain the laws."
Amanda also advises businesses to "allocate risk and compliance resources in line with their risk profile, not with perceived enforcement trends."
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