Rachel Wolcott

Helen Parry and Rachel Wolcott discuss the UK election gambling scandal, emphasizing the need for enhanced due diligence on PEPs. They touch on insider trading risks, compliance training importance, and the implications of politicians having access to sensitive information.

Lindsey Rogerson and Rachel Wolcott, both senior editors at Thomson Reuters Regulatory Intelligence, dive into the world of AI and its implications for culture and conduct risk. They explore how AI can enhance compliance while warning about the potential dangers of employee surveillance and inherent biases. The conversation touches on the SEC's growing concerns over AI-washing and emphasizes the necessity of ethical AI adoption, particularly in managing sensitive data and ensuring workplace transparency.

Podcast discusses how Russia is navigating sanctions amid war in Ukraine, challenges faced by financial firms, impact of Executive Order 14114, complexities of export controls, global cyber-enabled financial crime, and compliance challenges for financial services firms

Regulatory expert Helen Chan and senior editor Rachel Wolcott discuss the growing entanglement between North Korea, Russia, and cryptocurrencies. They explore how crypto exchanges have been sanctioned for helping launder assets and how North Korean cybercriminals utilize cryptocurrencies for their weapons program. The podcast also highlights the risks of closer ties between North Korea and Russia, the importance of sanctions compliance for financial institutions, and the challenges in due diligence on crypto exchanges.

Rachel Wolcott and Brett Wolf discuss the implementation of the US beneficial ownership register to prevent criminals using shell companies. They explore the Corporate Transparency Act, outreach plans of FinCEN, and concerns from small businesses. The challenges and changes in FinCEN's beneficial ownership reporting, including upcoming deadlines, are also discussed.