CFPB sues major banks over $870m lost by consumers
The CFPB has initiated a lawsuit against Early Warning Services, the operator of Zelle, and three major U.S. banks—Bank of America, JPMorgan Chase, and Wells Fargo—for their failure to implement effective fraud protections.
Deutsche Bank Securities fined $4m for delayed suspicious activity reports
Deutsche Bank Securities, a subsidiary of Deutsche Bank AG, has been fined $4m by the SEC for its failure to file certain SARs in...
Mastercard acquires Recorded Future to enhance cybersecurity in digital payments
Mastercard has successfully completed its acquisition of Recorded Future, a pioneer in AI-driven threat intelligence.
How Agentic AI and safety guardrails are redefining the tech landscape
Over the past few years, AI has significantly evolved, largely driven by advancements in large language models (LLMs).
Navigating SEC examinations: 8 key steps for asset managers
Over the past decade, the SEC has noted a significant 108% increase in regulatory assets managed by registered investment advisers, marking 14 years of continuous growth through 2023.
Italy’s data protection authority cracks down on OpenAI for privacy violation
Italy's data protection authority, Garante, has imposed a €15m fine on OpenAI, the U.S.-based artificial intelligence company, for failing to comply with legal standards in personal data handling with its ChatGPT service.
Understanding the importance of AML compliance in cross-border payments
Cross-border payments, encompassing transactions between entities in different countries, are vital to the global economy.
The impact of AI on anti-money laundering strategies in 2025
As we edge closer to 2025, the financial sector stands at a pivotal crossroads, challenged by the dual demands of embracing artificial intelligence (AI) and adhering to an increasingly complex regulatory framework.
CSSB sets new benchmarks for sustainability reporting in Canada
The CSSB has unveiled its pioneering Canadian Sustainability Disclosure Standards (CSDSs), heralding a transformative phase in sustainability reporting.
UK considers revised global standards for sustainability and climate reporting
The UK could soon adopt international climate and sustainability reporting standards following recommendations by the FRC Sustainability Disclosure TAC.