EP907: The challenges of fighting fincrime and managing the regulatory burden

Phil Cotter, CEO, SmartSearchRegulated entities in the financial sphere face increasing complex compliance requirements. This year alone, new regulations such as DORA, AMLA and ECCTA reflect the fact that fincrime is at the forefront of business challenges. However, combine pressure from malign actors with increased regulation and it is easy to see why three quarters of financial services businesses feel overburdened. Indeed 81% of UK financial sector firms worry about their ability to comply with current regulations. Robin Amlôt of IBS Intelligence talks to Phil Cotter, CEO of UK-based provider of digital compliance and AML solutions, SmartSearch.