FCA slaps Lloyds Bank’s insurance division with £90m fine for misleading customers
The Financial Conduct Authority (FCA) fined the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers.
The regulator stated...
ESMA slaps €408,000 penalty on derivatives firm due to EMIR data breaches
The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).
Consent management platform Didomi nets $40m in Series B funding
Didomi, which makes managing consent for customer data easier, has bagged $40m in its Series B round, which was led by Elephant and Breega.
How investing in a robust policy management system can help organisations with compliance
With the ever-changing regulatory framework and the proliferation of threats, every business – irrespective of the sector it is in - needs effective and updated policies and procedures. To ensure policy management, it is key to embed the culture of compliance within the organisation.
Quantexa unveils latest version of risk detection tool to aid financial crime fight
Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo.
Signicat bolsters RegTech footprint with Electronic IDentification acquisition
Norwegian digital identity firm Signicat has purchased identity software specialist Electronic IDentification (eID) for an undisclosed fee.
Moneyhub said to close $18m funding round to aid expansion efforts
Open finance hub Moneyhub has reportedly collected $18m in a funding round to support its expansion into new markets.
Klarna under fire by Swedish watchdog for bank secrecy breach
Sweden's financial watchdog Finansinspektionen is investigating payments firm Klarna over a potential breach of banking secrecy laws in connection with an IT incident at the firm...
PIMFA calls for FCA to move forward with changes to financial promotions for high...
PIMFA has urged the Financial Conduct Authority to move ahead with proposals to strengthening rules around financial promotions rules for higher risk investments.
Majority of UK compliance experts expect more AML regulation due to Brexit
A study by LexisNexis Risk Solutions has found 78% of compliance professionals in the UK see increased anti-money laundering (AML) legislation on the horizon due to Brexit.
