Bank of England issues letter to banks on regulatory reporting shortfalls
The Bank of England (BofE) has sent a warning letter to banks and building societies for not supplying correct information to help regulators identify risks to the financial system.
How communication compliance has become the biggest hurdle for financial firms
With workforces becoming increasingly dispersed, methods of communication have escalated, making security compliance a key challenge for firms.
Has the DOJ’s updated compliance guidance changed the industry a year on?
A recent report by Clausematch has examined what have been the key developments since the US Department of Justice (DOJ) updated its compliance guidance for 2020.
Sovos acquires tax software competitor 1099 Pro to broaden SME offering
Global tax software provider Sovos has purchased tax software and services company 1099 Pro for an undisclosed fee.
Background check platform Veremark extends seed round by $2.8m
Veremark, which conducts pre-employment background checks, has reportedly raised $2.8m in an extension to its seed round.
The FSA moves forward with potential new climate risk disclosure regulation
A new regulation by Japan’s Financial Services Agency (FSA) may lead to the introduction of mandatory climate-risk related disclosures by March 2022.
UK financial watchdog issues fresh warnings on crypto risks after Kimmie K’s Insta post
UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.
SteelEye set to bolster reach with North America expansion
London-headquartered RegTech firm SteelEye is eying development across North America following two strong funding rounds last year.
WhatsApp slapped with $267m GDPR fine for user privacy shortcomings
WhatsApp has been hit with a $225m fine by Ireland’s Data Protection Commission after it failed to disclose enough information to users about the data shared with other Facebook companies.
EPA calls for greater digital identity push in light of growing financial crime
A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.
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