By Jack Bullock
Financial institutions across the country are facing a collective, unprecedented challenge. Constantly evolving, stringent anti-money laundering regulations and “know-your-customer” safeguards require these businesses to present a transparent, detailed and precise view of customers. Cutting through the complexity of these regulations and managing data to ensure compliance places a huge burden on these firms, financially, technologically and in terms of appropriate skill sets. It is, however, absolutely critical as the impact of non-compliance is huge.