Compliance

German financial regulator BaFin has told banking giant Deutsche Bank it needs to introduce stronger action on money laundering.

Canopy, a cloud-based practice management platform for accountants, has scored $11m in fresh funding.

Boston-based tax compliance and regulatory software Sovos took over Chile-based Acepta’s digital enablement business.

Hybrid and remote working models are making surveillance more critical than ever, but implementing a solution is not always easy.

A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.

London-based ALT/AVE has received a £535,000 capital injection, which was comprised of a grand and pre-seed funding.

Bank of England (BoE) may tighten controls over cloud data providers and other tech companies to counter potential risks to financial system stability resulting from the rise of FinTech, Deputy Governor Dave Ramsden said.

FinTech companies continue to blaze a trail with CyberTech and InsurTech enterprises in the lead. The 34 ventures in the sector that topped up their accounts last week prove that.

The Reserve Bank of India (RBI) banned American Express Banking and Diners Club International from adding new customers, citing non-compliance with data-storage rules.

Danish data management company CluedIn has raised $15m from a Series A funding round led by Dawn Capital.