Merrill Lynch fined $300,000 for failing to promptly produce audit trail data
The U.S. Commodity Futures Trading Commission has issued a $300,000 fine against Merrill Lynch, a registered futures commission merchant, for failing to promptly produce records and ensure staff comply with regulations.
AUSTRAC’s latest fine “is a timely reminder” the authorities’ attitude towards the financial sector...
The Australian authority fighting financial crimes, money laundering and terrorism has issued an AUS$252,000 infringement notice against Compass, the foreign exchange company.
Why do businesses fail to comply with MiFID II?
The EU’s Markets in Financial Instruments Directive (MiFID II) is a complicated piece of legislation. Still, no business can afford to get it wrong.
RDC launches new AI-powered tool to boost compliance
Regulatory DataCorp, or RDC, has just unveiled AI Review, an artificial intelligence-backed compliance screening solution.
Foundation Capital closes ninth fund on $350m
Foundation Capital has closed its ninth fund on $350m, as it looks to continue supporting early-stage companies.
U.S. Treasury warns Facebook’s Libra that it must face tough AML and anti-terrorism funding...
Facebook’s cryptocurrency project has already faced a lot of concerns from lawmakers. Now, the U.S. Treasury warns the social media giant that it must conform with American regulations to trade in the US.
European Banking Authority to offer clarity on treatment of legacy instruments
The European Banking Authority (EBA) will offer clarity on the appropriate treatment of legacy instruments at the end of 2021, after the benefits of the grandfathering period will end.
4Stop releases enhanced KYB solution
4Stop, an information aggregation platform for KYC, has released its enhanced global know your business (KYB) solution.
Over half of Canadians believe it’s more important to protect digital ID than money
Eight in ten Canadians (83%) believe their identity is one of their most valuable assets, with 52% believing its is more important to protect online identity than their money.
Brexit delays UK’s Financial Conduct Authority’s fact-finding mission about the wholesale market
The UK’s ongoing divorce negotiations with the EU have caused the Financial Conduct Authority (FCA) to postpone work about the risks of using data in the wholesale market.
