Bank of England calls for greater crypto regulation
Following recent market turmoil, The Bank of England’s Financial Policy Committee has called for enhanced regulation of the crypto asset market.
UOB launches Singapore’s first green and sustainable deposits solution for corporate clients
United Overseas Bank (UOB), a leading bank in Asia, has launched its Green and Sustainable Deposits solution for corporate and institutional clients.
Cowbell Cyber and Palomar double-down amid explosive cyber insurance demand
Cowbell Cyber, provider of cyber insurance for small and medium-sized enterprises (SMEs), has expanded its agreement with Palomar Excess & Surplus Insurance Company to...
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
Cyberattacks on law enforcement climbing, experts find
Resecurity, a LA-based cyber firm, has claimed there has been an increase in malicious activity targeting law enforcement agencies at the beginning of the second quarter.
BaaS provider Griffin closes $15.5m round
Banking-as-a-service platform Griffin has raised $15.5m in fresh funding to support the launch of the operating system for embedded finance.
UK calls on social media platforms to find and remove Russian propaganda
Changes to UK internet safety laws will mean social media platforms will have to proactively look and remove disinformation harmful to the UK from foreign state actors.
Iceland-based Lucinity scores $17m to bolster its anti-fraud services
Lucinity, which supplies banks with productivity tools to fight financial crime, has closed its Series B funding round on $17m.
European Parliament passes far-reaching Digital Services Package
The European Parliament has officially adopted the Digital Services Act and Digital Markets Act, the first comprehensive rulebook for online platforms to be introduced.
The benefits of a strong policy management programme
Current estimates have the amount laundered globally each year at a staggering £1.8trn – 3% of total GDP. With this considered, what role can a strong compliance programme play in tackling this?