Nasdaq Futures faces $22m CFTC fine for undisclosed trading incentives
The CFTC has levied a significant $22m fine against Nasdaq Futures, highlighting a serious breach in regulatory compliance.
APRA sets new climate risk guidelines for Australian banks
The APRA has issued a directive that will reshape the approach Australian financial institutions take towards managing risks.
Exploring the perpetual KYC model: Advantages and hurdles in crime prevention
In the financial sector, the introduction of perpetual Know Your Customer (pKYC) practices marks a significant pivot from traditional methods such as KYC.
Navigating CSRD compliance: The strategic role of IROs in sustainability reporting
The Corporate Sustainability Reporting Directive (CSRD) introduces rigorous frameworks for sustainability reporting, with key components like Impacts, Risks, and Opportunities (IROs) playing a pivotal role.
Arise invests $7.5m in Omnisient to advance financial services in Africa
South African FinTech, Omnisient, has recently secured a substantial $7.5m investment from Arise.
Avoiding common pitfalls in BSA/AML compliance reviews
Independent reviews are a cornerstone of a strong, risk-based BSA/AML and OFAC compliance programme.
Falling crypto firm applications raise questions about London’s competitiveness
In recent findings shared by the FCA, it appears that strict regulatory frameworks and prolonged approval times are undermining the UK's goal to position itself as a global crypto hub.
How recent fines shape future communication strategies in FinTech
The SEC and the CFTC have recently imposed fines totalling $477.75m on 26 broker-dealers and investment advisers for failing to comply with electronic communication recordkeeping requirements. This latest enforcement wave pushes the total fines levied for similar violations to over $3bn, underscoring the serious, ongoing issue of non-compliance within the industry.
Check Point expands managed threat intelligence with Cyberint purchase
Check Point Software, a cyber security platform provider, and Cyberint Technologies, a provider of external risk nanagement solutions, have entered into a definitive agreement.
Napier AI’s insights on enhancing financial crime compliance
The US Treasury's recent initiative to solicit public insights on Artificial Intelligence (AI) in the financial sector underscores a pivotal moment for regulatory evolution.
