Hong Kong sets 2025 goal for aligned global sustainability standards
Hong Kong's financial institutions are poised to adopt new sustainability reporting standards under proposals by the HKICPA.
How US banks are struggling to keep up with cybercriminals
A recent study conducted by RedCompass Labs has revealed a concerning lag in how U.S. banks are keeping pace with criminals.
Enginsight secures €6m to bolster cybersecurity for German SMEs
Enginsight, a seasoned German provider of an all-in-one cybersecurity platform, has successfully concluded a new funding round, securing €6m.
QuantCube Technology unveils asset mapping database for enhanced ESG risk compliance
QuantCube Technology today unveiled its innovative Asset Mapping database, engineered to bridge the critical data gap faced by banks, insurance firms, asset managers, and corporations.
Essential steps for verifying your UAE business in 2024
The KYB framework is vital for verifying the legitimacy and integrity of a business entity, ensuring that it adheres to legal and regulatory standards....
Mastering KYC onboarding to combat financial crimes effectively
The KYC (Know Your Customer) onboarding process is not just a regulatory formality; it's a critical defense mechanism for banks and financial institutions against the threats of money laundering, terrorism financing, and other unlawful activities.
Beyond the metrics: Understanding what ESG scores can and can’t do
The debate surrounding the acronym of ESG has evolved from divisive to disappointing within the financial services sector.
OPBAS reports uneven progress among anti-money laundering supervisors
The OPBAS, functioning under the FCA, has identified ongoing inconsistencies in the supervisory efforts of the UK’s PBSs in combating money laundering.
Hong Kong advances digital currency innovation with new phase of e-HKD Pilot
The HKMA has initiated Phase 2 of the e-HKD Pilot Programme, known as Project e-HKD+, on September 23.
Enhancing trust and compliance in business networks through effective KYB strategies
Corporate onboarding encompasses processes critical for meeting regulatory demands, including AML compliance and thorough business verification to prevent financial crime.