The importance of identifying shell companies
Financial institutions play a pivotal role in preventing money laundering. Over the past 18 months, government bodies have frequently highlighted shell companies as significant...
The complete guide to suspicious activity reports and AML measures
Alessa recently took the time to provide a full guide to suspicious activity reports and anti-money laundering measures.
Cyber risk pioneer Cypherleak secures $750,000 in seed funding
Cypherleak, a trailblazing cyber risk monitoring and scoring startup, has garnered an impressive $750,000 seed round. The financial backing came from prominent investors based...
A shift in sustainable finance: Insights into the EC’s latest SFDR consultations
In a recent post by Novatus Global, the company took a deeper look into the European Commission's SFDR reforms.
Corporate responsibility & Europe’s CSDDD: What lies ahead for businesses.
The Corporate Sustainability Due Diligence Directive, commonly referred to as CSDDD or CS3D, is Europe's ambitious initiative aimed at instilling sustainable practices within the...
The road to effective ESG governance: Beyond good intentions
Addressing climate and ESG challenges is about more than just good intentions. As the saying goes, "Hell is paved with good intentions", which holds...
Ensuring financial security: How firms comply with the OFAC SDN list
A recent post by Alessa has detailed what the Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons List is.
How financial institutions can safeguard integrity with the three-step risk-based method
In a recent post by Fenergo, the company outlined how FI's are able to safeguard integrity with a three-step risk-based method.
Deutsche Bank’s DWS faces $25m penalty for AML, ESG failures
DWS Investment Management Americas has been charged by the SEC in two separate enforcement actions, leading to a settlement of $25m.
What are CFPB’s reforms to redefine consumer data handling?
The CFPB has unveiled ambitious amendments to the FCRA that would redefine the rules for data brokers, furnishers, and end users.