Why recent global crises are changing compliance
Compliance is changing. In a world transformed by the pandemic, many companies are now conducting their compliance processes online. However, the continuing upheavals worldwide are altering the way compliance itself is conducted.
ECB calls on banks to improve climate risk disclosures
A recent assessment by the European Central Bank (ECB) on the progress European banks are making in disclosure climate risks has revealed a lot more is yet to be done on this front.
EBA calls on FIs to ensure sanctions compliance against Russia
The European Banking Authority (EBA) has asked financial institutions to make sure they remain compliant with sanctions against Russia.
FCA calls time on crypto ATMs with new crackdown
The Financial Conduct Authority (FCA) has warned operators of crypto ATMs to shut down their machines or face enforcement action.
How financial institutions can remain compliant in the face of Russian sanctions
As the fighting between Russia and Ukraine forces continue, national governments globally are increasingly imposing severe sanctions on Russia and its financial sector.
Philippines’ central bank stiffens reporting standards for payment system operators
The Bangko Sentral ng Pilipinas (BSP) has placed firm reporting standards for operators of payment systems in a move to make the Philippines’ payment system strong and more efficient.
Moneyhub calls for OpenData revolution
Moneyhub, the market leading Open Data and Payments platform, has called for greater data-sharing among financial firms as part of its response to the FCA’s Consumer Duty Proposals.
Why IDmission is betting on composable KYC
Founded in 2011, IDmission helps businesses verify customers’ identity remotely. The enterprise’s platform supports face scans, fingerprints, video conferences, iris scans, selfies, voice recognition and a number of other ways of using biometrics to verify customers’ identities.
7 reasons to update audit management software
People do not like change. Despite the improvements technology can have, firms stick to old, out-dated systems for their operations. This has left companies with inefficient workflows, prone to mistakes.
EU set to ban trading in Russian state bonds in new sanctions
The European Union is getting closer to agreeing sanctions on Russia that would ban trading on Russian state bonds amongst other things.
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