AML and Fraud-based Regulatory requires are a critical aspect of compliance within financial institutions. Maintaining adherence to these is, of course, vital, and the risks of not doing so are huge – a challenge which is heightened by the ever-increasing number of regulations which must be adhered to and the ever-increasing pace of regulatory change.

However, in a risk-based regulatory environment, the risk appetite of individual firms informs their approach to adherence, and safety is often the best policy - often to leading to conservative approaches. However, this can potentially lead to unintended consequences; both business-based (i.e. hindering business growth opportunities), through to social challenges where those at most risk have the potential be excluded from the financial systems and the help they need.

In this one-on-one interview, Dr Firas Habach will explore how to find the right level of balance when considering this critical issue, whilst also considering where new technologies and developments in the fields of crypto and like might provide different and interesting challenges to overcome here.