As the sanctions landscape becomes more complex and the level of regulatory uncertainty grows, we take a look at how First Bank manages new regulations to mitigate the financial and reputational risk of failing compliance checks.
For First Bank and many others, the process of verifying trade-based transactions is one of the most laborious undertakings of compliance departments and, given the complexity of international maritime trade, banks across the globe like First Bank have been adopting new technologies.
See how First Bank uses Pole Star’s streamlined sanctions compliance solution, PurpleTRAC.