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A recent report from Moody’s Analytics Grid has shed light on the changing landscape of regulatory fines across the globe, showing a dramatic increase in large fines for organizations in the past year. The study revealed that businesses faced large fines, defined as more than $10,000, at more than double the rate of small fines, which are classified as less than $10,000, which has helped boost investor interest in compliance tech.
“Compliance screening and ongoing monitoring that synthesise sanctions, beneficial ownership, financial crimes as well as predicate crimes and associative risks ensure not only robust due diligence to protect businesses from larger fines, but also action the growing expectations of global businesses toward responsible, sustainable corporate strategies,” Conroy added.
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