Biden administration should prioritise cyber capacity for allies, report urges
A report from the Foundation for the Defense of Democracies has urged the Biden administration to prioritise cyber capacity building for allies and partners.
Bolstering financial integrity through PEP screening in KYC processes
Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes.
Unlocking the implications of SEC’s newly adopted cyber rules on FinTech
After over a year of deliberations, the US SEC has finally adopted the proposed rules for enhanced cyber disclosures.
Revamping risk and compliance management: Is your company still in the dark?
In a recent post by RegTech firm Clausematch, the company asked the question: are firms managing compliance in a black box?
ML and TF: The guide to safeguard your firm against financial crime
RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm.
The US-Hungary Tax Convention Termination: Unpacking its Implications for Financial Institutions
The US Treasury recently made a significant announcement concerning its diplomatic ties with Hungary. On 8 July 2022, the United States notified Hungary that it would be terminating their Tax Convention. According to information disseminated by the US Treasury, this termination is set to take effect on 8 January 2023.
Canada’s OSFI eyes risk management with proposed Crypto-asset guidelines
The Office of the Superintendent of Financial Institutions (OSFI) is taking strides to adapt to the rapidly changing digital asset landscape. Reflecting the shifting risk environment and emerging global patterns, OSFI is introducing modifications to its capital and liquidity guidelines for crypto-assets.
Citi and FINOS kick-start open cloud standard initiative
The Fintech Open Source Foundation (FINOS), a hub for open innovation in financial services, and Citi, a leading global bank, have partnered to launch a project focusing on open standards for cloud control in the financial services sector.
78% of Europe’s top financial institutions faced third-party breaches
SecurityScorecard's latest research, centred on the looming Digital Operational Resilience Act (DORA) compliance deadline of January 2025, reveals a disturbing level of third-party and fourth-party cybersecurity breaches among Europe's largest financial institutions.
Push for transparency: SEC demands FinTech firms disclose cyber incidents
The SEC has enforced new rules requiring registered entities to divulge significant cyber incidents and to annually disclose substantial information regarding their cybersecurity risk management, strategy, and governance.
