Legislation

The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.

The three European Supervisory Authorities (ESAs) have published a joint thematic report on national financial education initiatives on digitalisation.

Talk of artificial intelligence was once an exciting prospect. The idea of bringing a hallmark of sci-fi fantasies into the real world sparked a lot of enthusiasm. While systems might not quite be on the same level as HAL from 2001: A Space Odyssey, the technology has brought a lot of changes to how businesses operate.

Adverse media is becoming increasingly important to compliance processes. With so much to check, Sigma Ratings has posed the question of whether Google search strings can make things easier.

Goji, which offers investors with access to alternative investments, has partnered with Apex Group to enable clients to manage all stages of the investor lifecycle.

Embedded finance platform Railsr will bolster its financial crime and fraud prevention efforts through a partnership with Featurespace.

Private AI, which leverages AI to better protect personally identifiable information (PII), has secured $8m for its Series A round.

Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.

Icelandic bank Arion Bank will implement the software of RegTech platform Lucinity to bolster its defences against money laundering.

As the financial market hits a turbulent period, the risk of financial crime will only increase. But how can firms ensure they are prepared?