Avoiding common pitfalls in BSA/AML compliance reviews
Independent reviews are a cornerstone of a strong, risk-based BSA/AML and OFAC compliance programme.
Falling crypto firm applications raise questions about London’s competitiveness
In recent findings shared by the FCA, it appears that strict regulatory frameworks and prolonged approval times are undermining the UK's goal to position itself as a global crypto hub.
How recent fines shape future communication strategies in FinTech
The SEC and the CFTC have recently imposed fines totalling $477.75m on 26 broker-dealers and investment advisers for failing to comply with electronic communication recordkeeping requirements. This latest enforcement wave pushes the total fines levied for similar violations to over $3bn, underscoring the serious, ongoing issue of non-compliance within the industry.
Check Point expands managed threat intelligence with Cyberint purchase
Check Point Software, a cyber security platform provider, and Cyberint Technologies, a provider of external risk nanagement solutions, have entered into a definitive agreement.
Napier AI’s insights on enhancing financial crime compliance
The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.
MOXFIVE secures growth investment from Falfurrias to enhance cyber defenses
Falfurrias Management Partners, a private equity firm, has made a significant growth investment in MOXFIVE, a cybersecurity company dedicated to enhancing incident response capabilities and reducing future attack risks.
BNY Mellon slapped with $5m penalty for swap reporting errors
BNY Mellon has been fined $5m by the CFTC for failing to accurately report millions of swap transactions and inadequately supervising its swap dealer operations.
Court rules Missouri’s ESG investment ban vague and unconstitutional
A U.S. federal court has overruled recent Missouri regulations designed to restrict financial advisors from integrating ESG factors into their investment strategies.
Cisco enhances AI security capabilities with Robust Intelligence acquisition
Cisco, a leader in IT, networking, and cybersecurity solutions, has announced its acquisition of Robust Intelligence, an AI security company.
Rippleshot and CPI announce strategic alliance to combat financial fraud
CPI Card Group, a leading payment technology company, has entered a partnership with Rippleshot, a fraud prevention platform.