The growing demand for advanced voice surveillance technologies
A benchmarking report by 1LoD has just been released, offering an in-depth look at the current state of voice surveillance across financial institutions. This...
The critical role of PEP compliance in financial institutions
Politically Exposed Persons, or PEPs, are those who occupy prominent positions in public offices, potentially including roles in government bodies, international organisations, or significant corporate entities.
How the ECCTA is reshaping costs for UK financial institutions
In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and...
Financial institutions face high costs for shareholder identity verification
The ECCTA mandates identity verification (IDV) for directors, persons of significant control (PSCs), shareholders, and document deliverers to the Companies House registrar.
Navigating the complexities of off-channel communications in finance
In recent years, off-channel communications have come under the intense scrutiny of regulators like the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This scrutiny is largely due to the risks these unmonitored communications pose, ranging from compliance issues to gaps in record-keeping that can affect investor protection.
How should RegTechs be preparing for DORA?
The Digital Operational Resilience Act (DORA) is a EU regulation that entered into force on 16 January 2023 and is currently set to apply as of...
Strengthening business communication supervision in Australia’s financial sector
The ASIC is stepping up its call for enhanced oversight of business communications among authorised representatives.
Napier AI’s call for smarter CDD practices in HM Treasury’s latest consultation
Napier AI has responded to a consultation from HM Treasury, the UK government's economic and finance ministry, on enhancing the effectiveness of the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). These regulations require businesses to identify and prevent money laundering and terrorist financing.
New FinCEN rules target investment advisers for enhanced AML compliance
The FinCEN has recently proposed new regulations that would expand AML and CIP requirements to encompass both registered investment advisers and exempt reporting advisers.
HCLTech unveils AI-driven solutions for real-time event intelligence in IT
HCLTech has launched its latest product, IntelliOps Event Management (HCL IEM), which promises to revolutionize IT operations with its AI-powered capabilities.