Compliance

Data compliance startup OneTrust has hit a $1.3bn valuation thanks to a huge Series A investment round led by private equity house Insight Partners.

Buy now, pay later companies operating in Ireland will now need to be authorised by the Central Bank of Ireland, following an extension to the Consumer Protection Act 2022.

Tookitaki, a RegTech startup which aims to help financial institutions develop sustainable compliance programmes, has raised $7.5m through a venture capital-backed Series A round.

Technology has the potential to combat money laundering and terrorist financing (AML/CFT) therefore making compliance faster, cheaper and more efficient, according to a new blog post by Sigma Ratings.

Sigma Ratings and Fitch Group warn in a new report that banks and financial institutions could face serious risks if they neglect to tackle financial crime, oversight and governance risk.

UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise brokers who sold complex exchange-traded products without understanding the risks.

Aquiline Capital Partners has bought RIA in a Box, a provider of compliance workflow solutions to wealth managers.

Consumer outcomes are not considered very much by the board or executive committee, according to a new survey by Aveni.

The UK went on lockdown on Monday March 23. Still, the UK's top financial watchdog is advising that banks remain open.

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