HKMA reprimands four Asian banks due to AML abuses
The Hong Kong Monetary Authority (HKMA) has disciplined four banks due to anti-money laundering (AML) violations for a total imposed penalty of HKD$44.2m.
US banks required to report major cyber cases in 36 hours under new law
A new US law set to be introduced in May next year will require banks to report major cybersecurity incidents to federal officials within 36 hours.
Over a quarter of global firms bled more than £1m to financial crime in...
A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.
Zumo eyes decarbonised crypto sector through new purchase pilot program
Crypto wallet and payment platform Zumo has unveiled a pilot renewable energy purchase program aimed at making the crypto sector more sustainable.
ComplyAdvantage introduces AML guide for digital-first banks
ComplyAdvantage has launched a new anti-money laundering (AML) guide for digital banks to provide them with a better understanding of the topic.
Laminar emerges from stealth to pick up $32m Series A
Cloud data protection provider Laminar has secured $32m from a Series A funding round headed by Insight Partners.
Sedric eyes global expansion following $3.5m seed financing
AI-based compliance platform Sedric has secured $3.5m from a seed funding round led by StageOne Ventures.
Ransomware the most significant cyber threat facing the UK, report finds
The UK’s National Cyber Security Centre (NCSC) claims it has fought off a record number of digital intrusions this year driven by a surge in ransomware.
Debt packager referral fees to be banned under new FCA proposal
The Financial Conduct Authority (FCA) has proposed the banning of debt packager companies from being paid to refer customers on to other businesses.
BCBS launches consultation on climate-related financial risk management
The Basel Committee on Banking Supervision (BCBS) has issued a public consultation on the principles for the management and supervision of climate-related financial risks.
