Tag: Financial Compliance

A Hong Kong-based investment management firm has partnered with MyComplianceOffice (MCO) to streamline, centralise and improve compliance within its operations. 

Datox AI, a UK-based RegTech firm and university spinout, has secured strategic investment through a pre-seed funding round.

Key United States RegTech investment stats in 2024: US RegTech funding dropped by 28% in 2024 YoY Smaller deals (sub-$100m deals) dropped by 38%...

Financial institutions in Luxembourg must adhere to stringent reporting requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks ensure tax transparency by mandating the identification and reporting of relevant financial accounts to authorities.

Semeris, a specialist in AI-driven legal document analysis for financial institutions, has raised $4.3m in a funding round led by Puma Growth Partners, a firm known for providing growth capital to small and medium-sized businesses.

WiseLayer, a New York-based AI FinTech company specialising in digital workers for finance and accounting teams, has raised $7.2m in funding.

The landscape of financial crime risk assessment is poised for a transformative shift as we approach 2025 and beyond, driven by advancements in technology and changes in regulatory environments.

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system...

Customer classification plays a pivotal role in the AML strategies of businesses, especially within banking, finance, and gaming sectors. According to Alessa, customer-type ratings...

NatWest Group has taken a firm step in tightening its internal communication protocols by blocking popular messaging services WhatsApp, Facebook Messenger, and Skype on company devices across the UK.