Navigating KYC and AML in 2023: Trends and challenges in the banking sector
2023 has brought forward unique challenges and trends in the KYC (Know Your Customer) and AML (Anti-Money Laundering) landscape, as revealed in a survey...
Unlocking the potential of carbon accounting for CSRD compliance
Environmental concerns are increasingly pivotal, leading businesses globally to focus on carbon emissions accounting. The CSRD's recent standards mandate more rigorous, transparent carbon accounting practices. ESG FinTech company Greenomy recently delved into carbon accounting's essence and its connection with ESRS requirements. It also highlighted traditional carbon accounting challenges and how companies can align with these new standards.
Navigating FINRA Renewals: Essential Guide for Financial Firms
As the end of the year draws near, financial firms are under the gun to complete their annual FINRA and state/jurisdiction registration renewals. With deadlines fast approaching, it's critical to have a robust framework in place for timely, cost-effective, and efficient renewals, not just for this year but for the future as well.
Understanding proliferation financing: Key steps for compliance and risk management
Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.
Communications compliance: How to stay ahead of the curve
The landscape of financial services faces intensified scrutiny in communications compliance. In an era marked by consistent and assertive regulatory enforcement, a proactive approach...
FCA calls for evidence on data asymmetry and market dynamics
The FCA has initiated an inquiry into the data asymmetry between technology companies and traditional financial services firms.
FinTech takes the lead in AI integration for risk and compliance
A new study by Moody's Analytics presents groundbreaking findings in the field of AI adoption within various financial sectors.
Overwhelmed by digital overload: the rising cybersecurity risks in today’s workplaces
CybSafe's recent research has brought to light a concerning trend in modern workplaces. Over half of the office workers surveyed (54%) are neglecting critical...
Commonwealth Bank pioneers NameCheck technology with Bendigo Bank and Satori
Australia's Commonwealth Bank (CBA) has made a significant move in the fight against financial scams and mistaken payments.
Custodia’s CC1 Service: Revolutionizing communication compliance in the era of hybrid work
The Central Bank of Ireland recently conducted a Conduct Risk Assessment of Telephone and Electronic Communications in the securities market. This crucial assessment aimed to evaluate compliance with the Markets in Financial Instruments Directive (MiFID II), especially Article 16(7), which mandates firms to prevent the use of unauthorised communication.
