RegTech

In the financial sector, the introduction of perpetual Know Your Customer (pKYC) practices marks a significant pivot from traditional methods such as KYC.

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.

South African FinTech, Omnisient, has recently secured a substantial $7.5m investment from Arise.

Independent reviews are a cornerstone of a strong, risk-based BSA/AML and OFAC compliance programme.

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.

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 Software, a cyber security platform provider, and Cyberint Technologies, a provider of external risk nanagement solutions, have entered into a definitive agreement.

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.

Falfurrias Management Partners, a private equity firm, has made a significant growth investment in MOXFIVE, a cybersecurity company dedicated to enhancing incident response capabilities and reducing future attack risks.

BNY Mellon has been fined $5m by the CFTC for failing to accurately report millions of swap transactions and inadequately supervising its swap dealer operations.