My last two posts highlighted both a recent change and a long-standing challenge. That no fewer than ten thousand Investment advisory firms face AML regulation – where the costs of compliance have increased by more than 50% over the last three years – suggests the potential for a messy regulatory train-wreck. Why are costs spiraling out-of
Between 2011 and 2014, banking respondents to KPMG’s Global Anti-Money Laundering Survey reported an average increase in AML compliance costs of 53%. That average exceeded both their 2011 prediction (40%) and the previous (2007-2011) average of 45%. In seven years, institutions seem to have made very modest headway in cost-efficiently complying with regulatory changes. Are there reasons and solutions?
SEC-registered investment advisors would have to comply
Banks, mutual fund, insurance and security dealers share an affirmative obligation to comply with anti-laundering regulations by identifying their customers and reporting significant (over $10,000) transactions.
How Search-Based Applications Are Changing Enterprise Search
Gartner’s 2015 Enterprise Search Magic Quadrant documents the arrival of a new generation of search-based applications – leaving behind the ‘single search box’ and the contextual, but unscalable search app. With its arrival in the Leader quadrant, Attivio signals the market’s shift to a unified search platform capable of supporting an unl