K2View launches new data management solution to automate complex privacy regulation
DataOps solutions provider K2View unveiled its new Data Privacy Management (DPM), a flexible workflow and data automation solution to streamline data privacy regulatory requirements.
Industry responses to the US’ new Anti-Money Laundering Act 2020
The US Congress passed the Anti-Money Laundering Act 2020 and could be one of the most impactful changes to AML for two decades.
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European Banking Authority publishes opinion on risks of money laundering and terrorist financing
The European Banking Authority (EBA) has outlined the risks of money laundering and terrorist financing impacting the European Union’s financial sector.
Former HSBC COO joins RegTech firm Napier’s advisory board
Napier, which provides anti-money laundering solutions, has appointed former HSBC chief operations officer and chair of the global banking unit at Boston Consulting Group, Andy Maguire to its advisory board.
FCA to return £3.42m to victims of unauthorised investment schemes
The Financial Conduct Authority has obtained High Court approval to return £3.42m to compensate victims of a series of unauthorised deposit taking and collective investment schemes.
Over £20m worth of fraud averted by banking industry-funded police unit
A specialist policing unit funded by the banking and finance industry revealed that £20m worth of fraud was prevented in 2020 – a figure up by £1m compared to 2019.
It’s time to rethink risk management – Sigma Ratings
As the number of money laundering and financial crime cases keep growing, Sigma Ratings argues that it is time for financial services firms to rethink risk management.
FCA launches insider trading case against former Goldman Sachs employee
The UK's financial markets watchdog has commenced criminal proceedings against a former Goldman Sachs analyst and his brother, accusing them of insider trading.
270 service deposit addresses drive more than half of cryptocurrency money laundering
More than half of the world's cryptocurrency money laundering is made through 270 service deposit addresses, according to new research.
Eurobank moves to comply with new money laundering rules with FICO
In response to the EU's new money laundering regulations, Greek Eurobank has expanded its partnership with FICO to comply with the law.