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The Future of Sanctions Compliance in European Banking
This episode details Boston Consulting Group's (BCG) services across numerous industries, highlighting their expertise in areas such as digital transformation, sustainability, and risk management. A significant portion focuses on a BCG report addressing the increasing pressure on European financial institutions to enhance sanctions compliance due to escalating geopolitical tensions and stricter regulations. The report proposes a strategic, technology-driven approach to rebuild sanctions compliance functions, focusing on efficiency and proactive risk management to mitigate fines and reputational damage. BCG advocates for a shift from reactive, screening-focused methods to a more holistic, programmatic approach leveraging AI and automation.
Published on 1 year ago