Harnessing business activity intelligence to combat financial and physical crimes
In the intricate game of cat and mouse played between law enforcement and criminal organizations, the latter often seem to have the upper hand. These groups, including terrorist networks, are becoming increasingly sophisticated, using dual-use technologies to disguise their illicit activities.
How synthetic data and diverse teams can transform AML compliance with AI
While the integration of artificial intelligence (AI) in anti-money laundering (AML) processes promises enhanced efficiency, the assumption that AI lacks bias because it isn't human is misleading. AI systems, fundamentally designed for pattern detection, can inadvertently inherit biases from the data they train on.
SKY FC and Theta Lake link for Santa Barbara’s digital and community growth
Santa Barbara SKY FC, an emerging USL Championship soccer team, and Theta Lake, a leader in digital communications governance and archiving, have announced a multi-year partnership.
ReliaQuest’s valuation hits $3.4bn following $500m funding injection
ReliaQuest has revealed a substantial funding boost of more than $500m led by EQT, KKR, and FTV Capital, with further backing from existing investors Ten Eleven Ventures and Finback Investment Partners.
Taxbit transforms compliance with EU and OECD tax directives
Taxbit has significantly expanded its platform to incorporate support for the European Union's DAC8 directive and the OECD's Crypto-Asset Reporting Framework (CARF).
Major regulatory shift as OCC ends climate guidance for banks
The Office of the Comptroller of the Currency (OCC) has announced a significant policy reversal by withdrawing its participation in the established interagency principles designed to manage climate-related financial risks for large financial institutions.
Prudential Regulatory Authority proposes increase in FSCS protection to £110,000
The PRA has announced its proposal to increase the Financial Services Compensation Scheme (FSCS) deposit protection limit from £85,000 to £110,000.
ASIC sets new standards for climate reporting in Australia’s corporate sector
The Australian Securities & Investments Commission (ASIC) has officially unveiled its "Regulatory Guide 280 (RG 280)," a comprehensive framework aimed at guiding companies through...
Flagright secures $4.3m to enhance AI-native AML solutions in FinTech
Flagright, an AI-native AML compliance platform, has announced the successful closure of a $4.3m seed funding round.
Persefoni bags $23m funding to enhance carbon accounting software
Persefoni, a trailblazer in sustainability management software, announced today that it has secured $23 million in Series C funding.