Inside the FCA sandbox changing AML detection
The long-held belief that regulation and innovation are fundamentally at odds is losing credibility and the Financial Conduct Authority (FCA) may be the clearest...
The MLRO’s guide to breaking down FCRA resistance
Every money laundering reporting officer (MLRO) knows the pattern. A request goes out for financial crime risk assessment (FCRA) input. The business goes quiet....
Canada’s new financial crimes agency changes the game
Canada is overhauling the way it fights financial crime. For years, the country's enforcement framework has been spread thinly across federal agencies and provincial...
The hidden control gaps in MiFIR transaction reporting
Transaction reporting under MiFIR was never designed to be a box-ticking exercise. Its purpose has always been to support the detection and investigation of...
Why synthetic fraud is now a systemic risk for banks
Mitek Systems has published new research in partnership with Datos Insights warning that synthetic identity fraud is rapidly evolving into one of the most...
Prediction markets and the compliance gap firms can’t ignore
For most financial services firms, the regulatory debate around prediction markets has centred on classification: do these products fall under securities law, commodities rules,...
FCA simplifies climate reporting for asset managers
The Financial Conduct Authority (FCA), the UK's financial services conduct regulator, has put forward proposals to scrap TCFD-based product-level climate disclosures for investment firms,...
Compuvi’s $40m seed bet on preventive compliance
Compuvi, the LegalTech and RegTech AI company behind compliance intelligence platform Confinaid, has closed a seed funding round at a $40m post-money valuation.
The round...
Five legal myths blocking banks from sharing crime data
Every week, billions of euros flow through European financial institutions in the hands of money launderers, fraudsters, and organised criminal networks.
According to Salv,...
Concentrix and Napier AI take on AML compliance in ANZ
Global technology and services firm Concentrix has announced a collaboration with RegTech provider Napier AI to deliver AI-driven anti-money laundering (AML) compliance solutions across...