The ongoing pursuit of financial transparency has long been the cornerstone of regulatory demands and compliance efforts both in the U.S. and worldwide. Instead, financial transparency is inextricably linked to considerations of privacy, access, and privilege—and ultimately risk management. Together, they are creating a world that demands entirely new ways of thinking about financial transparency. This long-stated policy goal requires the collective and unified efforts of all stakeholders in the financial system to ensure a commitment to discover and manage financial crime risk preventatively. In this way, transparency ultimately can be renewed and restored to help protect the integrity of the financial system.

Source: The Guardian December 21, 2023 03:53 UTC