Episode Details

This episode summarises a Moody's report on compliance and third-party risk management trends for 2024 and 2025. Key themes in 2024 included sanctions evasion, driven by the Russia-Ukraine war and increased US regulation, and a continued focus on anti-money laundering. Looking ahead to 2025, the report predicts a continued emphasis on sanctions compliance, enhanced supplier due diligence (particularly regarding the EU's Deforestation Act and NIS2 directive), and the increasing impact of faster payments and AI on risk management. The report highlights the need for unified risk management systems and the growing role of AI and RegTech in improving efficiency and accuracy, while addressing concerns about bias and data quality. Ultimately, the episode advocates for a more integrated and proactive approach to managing evolving compliance challenges.