Compliance

The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).

A cybersecurity report has found an alleged Chinese state-sponsored faction is attempting to hack telecommunications organisations in Taiwan, Nepal and the Philippines.

As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.

With the ever-changing regulatory framework and the proliferation of threats, every business – irrespective of the sector it is in - needs effective and updated policies and procedures. To ensure policy management, it is key to embed the culture of compliance within the organisation.

The European Commission has announced plans to create a new Anti-Money Laundering Authority (AMLA) following a flurry of recent financial crime scandals.

Cybersecurity firm ZeroFOX Inc. acquired dark web intelligence research firm Vigilante ATI Inc. for an undisclosed sum.

Norwegian digital identity firm Signicat has purchased identity software specialist Electronic IDentification (eID) for an undisclosed fee.

A partnership between Swedish bank Swedbank and payments solutions provider ACI Worldwide has contributed to a 55% drop in card fraud.

A financial group has called for the adoption of impact-reporting standards that account for social and environmental factors to speed up a sustainable transition for banks.

A study by LexisNexis Risk Solutions has found 78% of compliance professionals in the UK see increased anti-money laundering (AML) legislation on the horizon due to Brexit.