Letter from the Editor
This month has just flown by!
We kicked off this month with our 3rd Masterclass, The Maritime Sanctions Risk and TBML Masterclass, and would like to extend a big THANK YOU to all who attended.
We also published some brilliant new articles and book reviews on our website and hosted two amazing webinars - Ethics, Conduct & Compliance & The Opportunities and Challenges of New Technologies for AML/CFT - both are which are now available to watch on The RAW Training Hub!
Lastly, we have received a number of enquiries about new dates for the Crypto Regulation and Financial Crime Compliance Certification. So... we will be launching new dates soon! Make sure you stay tuned on RAW's social media for the latest updates.
The most important thing we would like you to remember is that this community is for you, and the best way to get the most out of it is to tell us what you need, so please do reach out and let us know what more we can do for you.
Thank you again for all your support and I look forward to seeing you at a RAW Compliance event!
Jay van den Boogaard COO RAW Compliance |
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Diving Into DeFi
With over $100 billion dollars of value locked up in its protocols and projects, the decentralized finance ecosystem is growing and broadening its scope. The sector and its vast spectrum of activity has drawn the attention of innovators, investors, consumers, and regulators alike.
In partnership with Merkle Science, join industry experts as we discuss:
- The promise and evolution of DeFi
- Risk vs. reward - how investors and participants can survive and thrive on the financial frontier?
- The challenges and contradictions of regulating a parallel financial system
- The implications and potential unintended consequences of FATF's current guidance
- How can DeFi innovation be fostered whilst protecting consumers?
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Importance of "Compliance Sounds" Ringing from the Rooms of Top Management
There are two aspects of any approach; one is theoretical and second is practical. Theoretical is the one which is "What should be" and the practical one is "What Actually Happens".
Everyone accepts the fact of being compliant and no one appreciates being non-compliant. This is a theoretical angle. Have you ever heard any story or seen any movie where it ended with the moral of "Non-Compliant or Fraud or law breakers win the game"? Answer is NO.
But if we follow the theoretical aspect of "being compliant" then no one needs any audits, reviews or inspection, checks and balances or even there is no requirement of "Compliance Department/team/officer" because everyone accepts, respects and follows the fact of being compliant. |
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How will identity verification look in the future? The European Union recently started considering digital identity verification for all EU citizens. Many countries are proposing similar frameworks, so the identity verification process is certainly shifting online which will likely change the industry as a whole.
What will identity verification look like in the future, and which technologies will be on top? |
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Ethics, Conduct and Compliance
Ethics, Conduct & Compliance - Can they go hand in hand?
Listen in as industry experts discuss what is culture, how do we establish a culture of compliance, the impact of ethics on corporate culture, what does good culture look like, the challenges in enforcing culture and more! |
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The Opportunities and Challenges of New Technologies for AML/CFT
The field of AML and CFT is changing rapidly as technology evolves.
FATF's recently produced paper, Opportunities and Challenges of New Technologies for AML/CFT, details the outstanding operational and regulatory constraints in adoption of technology, identifies the conditions, policies and practices that can help support the further adoption of new technologies and increases awareness of the opportunities to leverage new technologies.
Tune in as industry experts discuss the findings of the report and break down the key issues. |
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The RAW Mentor Mentee Programme (MMP)
Calling all Mentors!
- Are you passionate about mentoring & supporting career growth?
- Do you want to influence the right behaviours and compliance culture?
- Do you want to give something back to the compliance community by sharing your learnings and experience?
- Are you interested in building relationships and meeting like-minded individuals?
If this sounds like you, we would love you to join the RAW Compliance Mentor-Mentee Programme (MMP) as a Mentor! |
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Book Reviews of the Month |
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Thinking, Fast and Slow by Daniel Kahneman
Thinking, Fast and Slow is the book born out of the economist, psychologist and Nobel Memorial Prize winner Daniel Kahneman.
Kahneman takes us on a tour of the mind and explains the two systems on how we think, offering practical and enlightening insights into how decisions are made in both our business and personal lives. |
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Think Again by Adam Grant
Think Again by Adam Grant discusses the benefits of doubt, and how we can get better at embracing the unknown and the joys of being wrong.
Evidence has shown that creative geniuses are not attached to one identity, but constantly willing to rethink their stances, and leaders who admit they don't know something and seek critical feedback lead more productive and innovative teams. |
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