Using spreadsheets to track your compliance efforts can put your company at risk. Yet compliance and risk teams from financial institutions, money service businesses, banks, fintech firms and other organizations are still using them.
These spreadsheets are used for a variety of tasks, including:
If your team is still using spreadsheets for any of the previous tasks, read our latest guide “How Compliance Teams Can Transition Away from Spreadsheets”, where you’ll learn:
The limitations, challenges, and risks of using spreadsheets for AML compliance
What regulators say about the necessity of automated systems for compliance and reporting
The operational framework that you need to achieve cost-effective compliance
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