Outcomes driven regulation means increasing expectations for organisations to demonstrate how controls reduce harm, disrupt criminal networks and achieve measurable outcomes beyond merely complying with obligations. Financial crime frameworks alone are no longer enough.
Editorial Team
Financial crime is often discussed in terms of what businesses need to do to comply with obligations, such as implement controls, file reports and maintain frameworks. But how do we know this is effective in reducing financial crime?
For victims of scams and fraud, the impact rarely stops at the initial loss. It can linger in ways that are harder to quantify, whether that’s stress, loss of trust or the effect it has on relationships. Businesses see a different version of that impact, often through reputational damage and the longer-term cost of remediation. If success is measured only by what is reported or documented, it is easy to lose sight of that broader picture.
