As the COVID-19 pandemic rolls into its second full year, it’s reasonable to reflect on the massive changes the virus has wrought. But for professionals working in compliance, the reality is the past 24 months of change may only be the beginning thanks to the introduction of new laws, rules and regulations with which they must contend.
To cope with the pace of changes and ensure they avoid running afoul of the law, more organizations are adopting technological solutions, including automation and AI, to keep up. Global RegTech provider Clausematch is projecting the top compliance technology trends for 2022 in its new analysis.
A few highlights of Clausematch’s predictions:
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Regulation is expected to be introduced to cryptocurrency activities due to the increased threat of money laundering through digital assets, and a roadmap to provide greater clarity on rules and regulations around cryptocurrency has been announced by the Federal Reserve.
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In 2022, compliance teams will be laser-focused on obtaining only the best, most trusted data. Now that there is an abundance of data, unlike previous years, it becomes important to surface data that is accurate, meaningful and purposeful.
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There will be a further need to implement InfoSec beyond just the organization, as there is an increase in…
