Compliance Management

The technological revolution is making the job of compliance officers increasingly intricate. From record-keeping to monitoring approved communication channels and adapting to the ever-changing world of social media advertising, the list of challenges seems endless. A burning question for many is the potential influence of large language models (LLMs) on their profession. Will LLMs simplify their tasks or add complexity?

The US Treasury recently made a significant announcement concerning its diplomatic ties with Hungary. On 8 July 2022, the United States notified Hungary that...

Today's financial landscape is rapidly evolving, with Environmental, Social, and Governance (ESG) factors gaining a pivotal role. As the sustainability and responsible investing frontiers broaden, financial institutions (FIs) find themselves in a crucial position to respond proactively to the escalating challenges posed by ESG.

PrivacyHawk, the groundbreaking company that empowers individuals to regain control of their personal data, announced it has raised $2.7m in its most recent funding round.

The City of London Corporation, in collaboration with HM Treasury, has recently unveiled the 2023 edition of the State of the Sector: annual review of UK financial services. This marks the second edition of the review, which was first suggested by Lord Hill's UK Listing Review in 2021. The report focuses on evaluating the international competitiveness and allure of UK's financial services.

Dive into the intricate world of smurfing, a subtle form of money laundering, and learn about the transformative role Flagright's AI-powered tools are playing in combating this malpractice.

An innovative collaboration approach to financial regulation is being advocated by Eventus, a leading regulatory technology (RegTech) firm, in their latest 'Compliance in Focus' series.

The UK's Financial Conduct Authority (FCA) recently released a ten-point checklist for companies in anticipation of the new Consumer Duty regulation set to be enforced on July 31, 2023. This regulation marks a pivotal shift in the regulatory landscape, impacting both new and existing services and products available for sale or renewal.

The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.

As we move deeper into 2023, AI breakthroughs are dominating the global business landscape. The capabilities of generative systems and large language models have gripped the public's attention, with companies across various sectors investing heavily in these AI-centric technologies. However, the success of these investments heavily relies on the quality of data used to train these systems and the in-house expertise of the organisations implementing them.