The pivotal roles of governance and risk assessment in BSA/AML and OFAC programs
Governance and risk assessment are not merely regulatory checkboxes but the bedrock of a robust BSA/AML and OFAC compliance program.
The evolving compliance landscape: Preparing for 2024’s regulatory revolution
As we stand on the brink of 2024, experts from Fenergo, a leading FinTech firm, forecast a pivotal year in the realm of financial regulation.
Tackling financial crime: How Moody’s is identifying shell company red flags
Shell companies, often shrouded in secrecy, pose substantial risks to the global economy, being potential vehicles for crimes like fraud, tax evasion, money laundering, and sanctions dodging.
Digital Onboarding secures $58m from Volition Capital for FinTech growth
Digital Onboarding, a pioneering SaaS company known for enhancing customer relations for over 100 financial institutions, has successfully closed a significant funding round. The...
SEC cracks down on J.P. Morgan for whistleblower obstruction
J.P. Morgan Securities LLC (JPMS), a subsidiary of J.P Morgan, has agreed to a significant $18m civil penalty in a settlement with the SEC.
Edgewater Equity Partners acquires Ascent to boost AI-driven compliance
Ascent Technologies has been acquired by Edgewater Equity Partners, a distinguished private equity firm based in Boston.
Kusari secures $8m boost to fortify software supply chain security
Kusari, a startup in the software supply chain security sector, has recently announced a significant boost in funding.
Understanding the impact of EU’s AI Act on financial services
The EU made a significant move towards regulating artificial intelligence (AI) by tentatively agreeing on the terms of the AI Act.
Navigating the risks: The urgent need for effective MNPI management
In recent years, the management of Material Non-Public Information (MNPI) has emerged as a significant concern within the compliance sphere. Regulatory bodies in the...
Navigating the Corporate Transparency Act: A guide to the new US Beneficial Ownership Rules
The Corporate Transparency Act (CTA) ushered in a significant shift in beneficial ownership reporting requirements starting from January 1, 2024. This change is more...
