CTRAG: An In-Context Retrieval-based Framework for Automated Compliance Checking using LLMs

Trust is fundamental in modern regulatory ecosystems, and compliance checking plays a critical role in fostering that trust. Regulatory compliance verification is essential for businesses operating in highly controlled environments, as it ensures alignment with sector-specific guidelines across domains such as financial reporting, data privacy, and cybersecurity. Manual compliance testing, however, is often time-intensive and prone to inconsistencies, particularly when compliance depends indirectly on third-party services such as cloud providers, where vendors rely on external providers to meet regulatory standards. In this paper, we present CTRAG, a novel Retrieval-Augmented Generation (RAG) pipeline designed for automated compliance checking. CTRAG employs advanced strategies, including adaptive chunking, dynamic retrieval configurations, and in-context learning, to improve the precision and relevance of compliance assessments. By extracting control questions from regulatory texts and cross-referencing them with unstructured company documentation, CTRAG achieves highly accurate, document-informed compliance verification, even in cases of indirect compliance through third-party services. Empirical evaluations demonstrate significant improvements, with CTRAG achieving an F1-score of 78% and a recall of 85% in the final deployed configuration, ensuring minimal missed non-compliance cases while reducing manual reviewer effort in a real-world deployment. To validate CTRAG value, we developed and deployed a POC within a Big Four professional services firm, applying it to real-world cases and cross-checking results against manual compliance reports. These findings highlight CTRAG potential to streamline compliance workflows, mitigate risks, and enhance regulatory trust in complex, high-stakes environments.

A Systematic Literature Review of Retrieval-Augmented Generation: Techniques, Metrics, and Challenges

This systematic review of the research literature on retrieval-augmented generation (RAG) provides a focused analysis of the most highly cited studies published between 2020 and May 2025. A total of 128 articles met our inclusion criteria. The records were retrieved from ACM Digital Library, IEEE Xplore, Scopus, ScienceDirect, and the Digital Bibliography and Library Project (DBLP). RAG couples a neural retriever with a generative language model, grounding output in up-to-date, non-parametric memory while retaining the semantic generalisation stored in model weights. Guided by the PRISMA 2020 framework, we (i) specify explicit inclusion and exclusion criteria based on citation count and research questions, (ii) catalogue datasets, architectures, and evaluation practices, and (iii) synthesise empirical evidence on the effectiveness and limitations of RAG. To mitigate citation-lag bias, we applied a lower citation-count threshold to papers published in 2025 so that emerging breakthroughs with naturally fewer citations were still captured. This review clarifies the current research landscape, highlights methodological gaps, and charts priority directions for future research.

SynFinTabs: A Dataset of Synthetic Financial Tables for Information and Table Extraction

Table extraction from document images is a challenging AI problem, and labelled data for many content domains is difficult to come by. Existing table extraction datasets often focus on scientific tables due to the vast amount of academic articles that are readily available, along with their source code. However, there are significant layout and typographical differences between tables found across scientific, financial, and other domains. Current datasets often lack the words, and their positions, contained within the tables, instead relying on unreliable OCR to extract these features for training modern machine learning models on natural language processing tasks. Therefore, there is a need for a more general method of obtaining labelled data. We present SynFinTabs, a large-scale, labelled dataset of synthetic financial tables. Our hope is that our method of generating these synthetic tables is transferable to other domains. To demonstrate the effectiveness of our dataset in training models to extract information from table images, we create FinTabQA, a layout large language model trained on an extractive question-answering task. We test our model using real-world financial tables and compare it to a state-of-the-art generative model and discuss the results. We make the dataset, model, and dataset generation code publicly available.