Keith Berry

Aug 1, 2024 | ffnews.com | Lauren Hinton |Keith Berry

Moody’s has released its latest study, showcasing the pivotal role of Entity Verification data in the adoption of AI tools within the risk and compliance sector. Entity Verification is the process of confirming the legitimacy and identity of a corporate entity, so organisations can thoroughly understand who they are doing business with.

Dec 19, 2023 | corporatecomplianceinsights.com | Keith Berry

Whether they’re leading change or resisting it, compliance and risk professionals — and everybody else, for that matter — simply can’t ignore the impact of AI. Keith Berry of Moody’s Analytics explains his organization’s recent survey findings but cautions that strong foundations are necessary to avoid AI hallucinations. As chatter grows among business leaders and government officials imagining both the possibilities and risks associated with AI, the compliance industry is ripe for transformation.

Nov 27, 2023 | bankingriskandregulation.com | Keith Berry

By Keith Berry Politically exposed persons and ‘de-banking’ have hit the headlines repeatedly over the past 12 months. This discourse has increased the scrutiny of how financial institutions and other regulated businesses manage the associated risks through PEP screening. It has led to a formal review of the treatment ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight. Invitations to attend exclusive roundtables and events.

Oct 16, 2023 | finextra.com | Barley Laing |Francesco Fulcoli |Harriet Christie |Keith Berry

In a vote of 3-2, the SEC adopted new rule 13f-2 and related Form SHO to provide greater transparency of short sale data from which is in response to Section 929X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires the Commission to prescribe rules to make certain short sale related data publicly available. Until now, some 13 years after the passage of Section 929X, the SEC had not taken up its obligation to meet this provision of the Act.

Oct 16, 2023 | finextra.com | Francesco Fulcoli |Harriet Christie |Keith Berry |Patrick Devlin

Finextra recently reported that many of those in financial services were found wanting with their sanctions screening efforts by the Financial Conduct Authority (FCA). After a survey of sanctions controls at 90 firms the FCA uncovered deficiencies across staffing, technology and reporting networks, leading to a lack of adequate resources to ensure effective sanctions screening. The study also found flaws in customer due diligence (CDD) and know your customer (KYC) procedures.