Is the Risk-Based Approach Broken? Why Static AML Solutions Are No Longer Enough

The Risk‑Based Approach is foundational to financial crime compliance — but in many institutions it still operates as a periodic, static framework, while financial crime risk, regulatory expectations, and business complexity evolve continuously. Leaders are increasingly being asked not just whether they have an RBA, but how they demonstrate ongoing alignment between risk, controls, and decisions - without introducing new operational or regulatory risk. This webinar brings together Michael Hall, Senior Vice President, Director of AML and Sanctions at Fifth Third Bank and Elizbaeth Callan, Principal Strategic Advisor at SymphonyAI to discuss how institutions are moving toward a more always-on approach to risk-based compliance, including the emerging role of agentic AI in making continuous risk assessment operationally feasible. In this clip, Elizabeth Callan makes the case for why the traditional risk-based approach to AML is stalling. With criminals evolving faster than static controls can keep up, and regulators increasingly focused on effectiveness over technical compliance, Elizabeth argues that the industry needs to move toward continuous, dynamic risk assessment — powered by AI. Recorded the day after the Wolfsburg Group published updated guidance on exactly this topic. Watch the full webinar here: https://www.symphonyai.com/resources/webinar/risk-based-approach-reinventing-compliance/ Find out more about how SymphonyAI can improve your financial crime compliance processes: https://www.symphonyai.com/financial-services/platform/ #financialcrime #compliance #riskbasedapproach #risk #regulatorycompliance