Navigating FCA’s CP24/2 Consultation: Implications for financial compliance and transparency
Navigating FCA's CP24/2 Consultation: Implications for financial compliance and transparency
New Zealand’s central bank unveils climate risk management blueprint for finance
The Reserve Bank of New Zealand – Te Pūtea Matua has taken a significant step towards fostering a stable financial system in New Zealand with the publication of a new Guidance aimed at helping regulated entities manage climate risks.
Navigating the complexities of AI adoption in the AML space
In a recent post by Moody's Analytics, the firm asked three key questions about driving efficiency with AI-powered screening.
Struggling Brits eager for tailored support during cost-of-living crisis
The cost-of-living crisis is putting 37 million Brits at risk of financial distress, a report from Tink suggests banks need to offer them some support.
IBM launches new sustainability initiatives for global climate action
In response to the growing challenges facing vulnerable communities worldwide, IBM has reinforced its dedication to climate action.
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.
Perpetual KYC (pKYC) in US banking: The evolution of customer due diligence
The traditional Know Your Customer (KYC) approach harbours certain limitations. Customers escalating to high risk can potentially fly under the radar, risking a bank's reputation and burdening its resources and internal controls.
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