Disclosing misconduct has become the new way forward, as the U.S. Department of Justice (DOJ) has revised its Corporate Enforcement and Voluntary Self-Disclosure Policy (CEP) to reward firms that self-disclose financial crime. In doing this, the department has outlined three paths to resolution, ranging from full declinations to reduced penalties for “near miss” disclosures, emphasizing the need and benefits of transparency and accountability.
With Global Relay’s AI-enabled communications surveillance, firms can strengthen their compliance and monitoring systems to respond to issues quickly and efficiently. By equipping financial services with tools to detect misconduct as it occurs, firms can stay ahead of regulation and self-disclose to avoid financial penalties and regulatory damage.
