Annual GDPR fines exceed €1bn for first time
Annual General Data Protection Regulation (GDPR) fines exceeded €1bn for the first time since the regulation was implemented in 2018, Atlas VPN claims.
Deutsche Bank slapped with €8.6m fine for Euribor control deficiencies
Deutsche Bank has been fined €8.6m by BaFin due to weaknesses relating to controls of Euribor, the Euro Interbank Offered Rate benchmark used in the financial industry.
PassFort, Trulioo enter global partnership to transform KYC for regulated firms
RegTech firm PassFort and identity verification company Trulioo have partnered to offer regulated businesses a way to digitally transform their KYC and KYB processes.
Danish FinTech ComplyCloud nets €4.5m investment
Denmark-based ComplyCloud, which has built its own digital software lawyer, has landed a €4.5m investment from SEED Capital.
Supply chain traceability platform Verofax scores pre-Series A round
Verofax, an asset digitalisation and traceability solutions provider, has received a $1.5m pre-Series A funding round.
The ongoing rise of RegTech
A recent blogpost by PassFort has summarised what is driving the increased adoption of RegTech solutions and what trends the industry may see in 2022.
Why 2021 was a red-letter year for RegTech
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.
FinCEN eyes modernised regulatory regime for AML/CFT in the US
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.
Smarsh: Future-proofing Compliance in a Hybrid Work World
Leveraging Communications Data as an Enterprise Strategic Asset
SEC punishes JPMorgan for recordkeeping failures with $125m fine
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.