In “Joanne Taylor on Financial Crimes Compliance During Coronavirus” (25 March 2020), Tom Fox interviews Joanne Taylor, managing director at K2 IntelligenceFIN, on how banks can maintain compliance with AFC risks during this time of uncertainty. While COVID-19 is disrupting all industries, financial services must remain steadfast in ensuring compliance. The tips Joanne provides include:
- Prioritize limited resources to ensure key tasks to reduce financial crimes risk are addressed.
- Plan with technology to meet regulatory requirements, particularly those institutions under enforcement orders.
- Explore a regional support system for impacted teams.
- Communicate clearly and regularly, and set the tone from the top.
Listen to the full podcast, hosted on The FCPA Compliance Report.