Financial Firms Turn to Artificial Intelligence to Handle Compliance Overload

The data leak known as the "Panama Papers" is likely to have many compliance officers revisiting their respective organizations' exposure to relationships with third parties that utilize offshore entities. Given the breadth, depth and complexity of the potential implications surrounding the leak, as well as other similar existing regulatory enforcement trends, it is critical that organizations consider a risk-based, tailored approach to proactively assess compliance risks to which they may be subject.