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Putting the science in compliance: Using nonfinancial data to re-engineer compliance risk assessment

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  • Mcmanus-Barnett, Natalie

    (Managing Director, Innovate Compliance, UK)

Abstract

Risk assessment is essential to the compliance toolkit, but it is in need of a rethink. Often annually performed, manually compiled and lacking in credible data, its insights can quickly become obsolete, divorced from day-to-day compliance practices. To manage the reach, complexity and interconnectivity of modern compliance risks, it is paramount that firms evolve their approach, repositioning risk assessment at the heart of decision making and cultivating a model based on real-time, data-informed insight. This essay provides the foundations for such a model, providing future blueprints for an AI-integrated compliance risk assessment centred on nonfinancial data and analytics. This article is also included in The Business & Management Collection which can be accessed at https:// hstalks.com/business/.

Suggested Citation

  • Mcmanus-Barnett, Natalie, 2025. "Putting the science in compliance: Using nonfinancial data to re-engineer compliance risk assessment," Journal of Financial Compliance, Henry Stewart Publications, vol. 9(1), pages 17-31, August.
    • Handle: RePEc:aza:jfc000:y:2025:v:9:i:1:p:17-31
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    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K2 - Law and Economics - - Regulation and Business Law

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