Industry News

In the world of financial institutions, misconfigured compliance rules can lead to hefty penalties costing up to $14.82m each year.

Fibank has introduced a new premium product aimed at catering to its business clientele – the Visa Platinum Business Debit cards.  

To deal with the crisis of UK bank branch closures, the Labour Party has unveiled a plan to safeguard access to essential banking services.

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 is poised to introduce a new regulatory regime for fiat-referenced stablecoin (FRS) issuers following positive feedback from a public consultation.

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...

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.

Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.

Acuminor recently described how its Risk Assessment Pro platform helped to change a bank's financial crime risk management. 

In recent years, United States financial regulators have established themselves as global leaders in enforcement. In 2022, they imposed $3bn in fines, nearly three...