Tookitaki rebrands AML suite to FinCense
Tookitaki serves leading financial institutions in Asia, the Middle East, Africa, and the Americas, offering a robust defence against financial crime.
LightBeam.ai secures $17.8m in Series A to revolutionise zero trust data protection
LightBeam.ai, a trailblazer in zero trust data protection, has raised $17.8m in an oversubscribed Series A funding round.
Coris, innovator in SMB risk management, announces $3.7m funding
Coris, a pioneering risk platform, has successfully closed a fundraising round totalling $3.7m.
Revolutionising AML strategies: The power of human-technology synergy in compliance
The significance of modern Anti-Money Laundering (AML) compliance cannot be overstated, especially in an era where digitalisation is a cornerstone of our daily interactions. While RegTech has revolutionised the approach to combating financial crimes like money laundering and terrorist financing, it's crucial to acknowledge that technology alone isn't the panacea.
Several industry associations voice concerns over AML regulation draft
In an industry-wide call to action, several prominent associations have voiced their concerns over the potential consequences of the current draft text of Recital 34 in the Anti-Money Laundering (AML) Regulation.
ESAs call for changes to the monitoring of BigTechs’ financial services activities
The European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) have released a comprehensive report, shedding light on the direct provision of financial services by BigTech companies in the EU.
ESMA bolsters its monitoring of EU alternative investment funds
The European Securities and Markets Authority (ESMA), the esteemed financial markets watchdog of the EU, recently unveiled a comprehensive report spotlighting the market dynamics of the EU's alternative investment funds (AIFs).
Navigating the cloud to on-premises transition: Insights and strategies for big businesses
In the realm of technological infrastructure, the decision between deploying on-premises servers or cloud services is pivotal. This choice is not just a technicality...
EU’s AML regulations to transform crypto and high-value transactions
The European Union (EU) has recently made a significant stride in fortifying its defenses against money laundering and terrorist financing. A provisional agreement reached...
Mastering UPI in global financial markets: ANNA-DSB’s essential guide for professionals
In the ever-evolving landscape of global finance, the implementation of a unique product identifier (UPI) has become paramount for regulatory compliance and operational efficiency. The European Union's EMIR-REFIT initiative underscores the necessity of UPIs, a standard that transcends borders, encompassing major financial markets including the USA, the UK, Australia, the EU, and Singapore. This widespread adoption signifies a unified stride towards harmonisation in the financial sector.
