Tackling financial crime: How Moody’s is identifying shell company red flags
Shell companies, often shrouded in secrecy, pose substantial risks to the global economy, being potential vehicles for crimes like fraud, tax evasion, money laundering, and sanctions dodging.
Digital Onboarding secures $58m from Volition Capital for FinTech growth
Digital Onboarding, a pioneering SaaS company known for enhancing customer relations for over 100 financial institutions, has successfully closed a significant funding round. The...
SEC cracks down on J.P. Morgan for whistleblower obstruction
J.P. Morgan Securities LLC (JPMS), a subsidiary of J.P Morgan, has agreed to a significant $18m civil penalty in a settlement with the SEC.
Edgewater Equity Partners acquires Ascent to boost AI-driven compliance
Ascent Technologies has been acquired by Edgewater Equity Partners, a distinguished private equity firm based in Boston.
Kusari secures $8m boost to fortify software supply chain security
Kusari, a startup in the software supply chain security sector, has recently announced a significant boost in funding.
Understanding the impact of EU’s AI Act on financial services
The EU made a significant move towards regulating artificial intelligence (AI) by tentatively agreeing on the terms of the AI Act.
Navigating the risks: The urgent need for effective MNPI management
In recent years, the management of Material Non-Public Information (MNPI) has emerged as a significant concern within the compliance sphere. Regulatory bodies in the...
Navigating the Corporate Transparency Act: A guide to the new US Beneficial Ownership Rules
The Corporate Transparency Act (CTA) ushered in a significant shift in beneficial ownership reporting requirements starting from January 1, 2024. This change is more...
Adapting to change: How the UK’s latest money laundering amendments impact PEPs
On January 10, 2024, a pivotal shift in the UK's regulatory framework will unfold as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 come into effect.
320 firms pledge nature-related disclosures, shaping corporate reporting’s future
The Taskforce on Nature-related Financial Disclosures (TNFD) has unveiled a commitment from a consortium of 320 companies and financial institutions
