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Why economic shifts fuel UK financial crime
Economic uncertainty is once again reshaping the financial crime risk UK firms must manage. As macroeconomic pressures intensify, compliance teams face a difficult balancing...
TRM Labs bags $70m to expand AI-driven blockchain intelligence
TRM Labs, a company building AI solutions to disrupt criminal networks and counter national security threats, has secured fresh growth capital of $70m.
The company...
The rising risk of outdated obligations in compliance
Financial institutions face mounting pressure to keep their governance, risk, and compliance frameworks aligned with constantly shifting regulatory expectations. Yet many organisations still operate...
Global RegTech deal activity bounced back as investors focus on smaller...
Key RegTech investment stats in Q3 2024:
Global RegTech deal activity on the bounce back with increase of 34% QoQ
Average deal value dropped...
HUMAN raises over $50m to bolster digital safety and combat online...
HUMAN, a leading cybersecurity firm, announced today that it has secured over $50m in growth funding.
The investment round was spearheaded by WestCap, with significant...
Goldman Sachs settles $6m SEC penalty for incomplete blue sheet submissions
Goldman Sachs & Co. has settled charges with the Securities and Exchange Commission (SEC) for neglecting to supply comprehensive and precise securities trading details, otherwise known as blue sheet data. The prominent financial institution has consented to a penalty of $6m to conclude the SEC's allegations.
Citigroup, Goldman Sachs slapped with large fines for recordkeeping failures
Goldman Sachs and Citigroup Global Markets have been fined $5.5m and $2.9m respectively for substantial recordkeeping failures.
Managing PEPs: The frontline in battling financial crime in 2023
Politically Exposed Persons (PEPs) are a key topic of discussion right now. Fenergo recently took the chance to dip deeper on PEPs and the fight against financial crime.
Secure Code Warrior, bags $50m in Series C funding round
Secure Code Warrior, an industry-leading agile learning platform for developer-focused security leaders, has announced the completion of its Series C funding round.
A deep dive into AML non-compliance costs and Flagright’s AI-driven solution
In an increasingly interconnected financial landscape, financial crime has become more sophisticated, underlining the importance of maintaining robust anti-money laundering (AML) compliance for financial institutions. With stringent regulatory scrutiny and technological advancements, financial institutions must adhere to strict AML regulations to deter activities such as money laundering, terrorism financing, and other financial crimes. Moreover, understanding and considering the significant cost of non-compliance is vital.
