How Flagright’s Shadow Rules are setting new standards in AML compliance
In the world of financial institutions, misconfigured compliance rules can lead to hefty penalties costing up to $14.82m each year.
Fibank launches new premium Visa Platinum Business debit Cards
Fibank has introduced a new premium product aimed at catering to its business clientele – the Visa Platinum Business Debit cards. Â
UK’s Labour Party promises new banking hubs amidst branch closures
To deal with the crisis of UK bank branch closures, the Labour Party has unveiled a plan to safeguard access to essential banking services.
BCA advocates for international benchmarking in climate reporting
The Business Council of Australia (BCA) has underscored the necessity of aligning climate-related financial disclosures closely with international standards. This alignment, according to BCA, is...
Hong Kong to fortify financial stability with new stablecoin regulations
Hong Kong is poised to introduce a new regulatory regime for fiat-referenced stablecoin (FRS) issuers following positive feedback from a public consultation.
Navigating the new norms: Understanding SFDR, CSRD, and EU Taxonomy
Sustainable finance is becoming the linchpin for the EU in achieving its environmental and climate objectives. It achieves this by channeling funds into environmentally-conscious...
The importance of eComms recordkeeping in FinTech
In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.
Travel and expense management fraud to rise, as will fraud
Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.
How Acuminor helped to transform a Nordic bank’s financial crime risk management
Acuminor recently described how its Risk Assessment Pro platform helped to change a bank's financial crime risk management.Â
US regulatory priorities in 2023 & the coming years
In recent years, United States financial regulators have established themselves as global leaders in enforcement. In 2022, they imposed $3bn in fines, nearly three...