Does the FinTech industry have a compliance problem?
A recent blogpost by Sigma Ratings has detailed how the FinTech industry is facing heightened scrutiny from regulators as issues around compliance comes to the forefront.
eflow Global launches major update to its regulatory reporting tool
UK-based RegTech company eflow Global has launched a major update for its regulatory reporting hub, TZTR.
An anniversary to forget: one year on from the FinCEN files leak
Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. It exposed over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?
How can firms assess the risks associated with a politically exposed person?
A recent webinar by Alessa by Tier 1 Financial Solutions has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.
Theta Lake, Vidyard team to boost video security and compliance for regulated industries
Theta Lake has partnered with video platform Vidyard to strengthen video security and compliance for companies in highly regulated industries.
ESMA considers financial sustainability and stability issues in 2022 agenda launch
The European Securities and Markets Authority (ESMA) has published in 2022 Annual Work Programme to set out what it intends to work on over the next 12 months.
CFTC slaps Citibank with $1m fine for violating swap dealer regulation
The Commodity Futures Trading Commission (CFTC) has imposed a $1m fine on Citibank and Citigroup Global Markets for failing to comply with certain swap dealer requirements.
UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis
Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.
China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
ESMA fines UnaVista €238,500 for EMIR failures
The European Securities and Markets Authority (ESMA) has fined trade repository UnaVista for alleged breaches of the European Market Infrastructure Regulation (EMIR).
