Risk Management

Here are the 5 main sources of onboarding-related threat to your financial institution in 2022, and here’s what to do about them.

Financial crime prevention firm Acuminor has updated its ThreatView platform to bolster its financial crime support offering.

After a tough 2020, the world looked to 2021 with the optimism of a new beginning and hoped for respite from the Covid-19 pandemic. While the pandemic still looms large, businesses globally are learning how to operate in this new normal. With in-person interactions still a stretch for many, RegTech solutions are being given their time to shine.

South Korea’s Financial Services Commission and the Korea Exchange have launched an integrated ESG information platform.

The Hong Kong Monetary Authority (HKMA) will develop a green sustainable finance module for banking practitioners following recommendations from Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group.

The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.

Leveraging Communications Data as an Enterprise Strategic Asset

The Securities and Exchange Commission (SEC) has fined JPMorgan $125m due to ‘widespread and longstanding failures’ by the bank to maintain and preserve written communications.

The Financial Conduct Authority (FCA) has published two policy statements that confirm the final rules and guidance to promote better climate-related financial disclosures.

Innovations in anti-money laundering (AML) are leading to many businesses reenvisioning how they approach compliance. As financial institutions welcome modern technologies to better adhere to regulations, they realise other benefits from automating their AML practices, says QuantaVerse Founder David McLaughlin.