Tag: financial industry regulatory authority

Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges

In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.

Goldman Sachs settles $6m SEC penalty for incomplete blue sheet submissions

Goldman Sachs & Co. has settled charges with the Securities and Exchange Commission (SEC) for neglecting to supply comprehensive and precise securities trading details, otherwise known as blue sheet data. The prominent financial institution has consented to a penalty of $6m to conclude the SEC's allegations.

How explainability is reshaping fraud detection in the financial sector

AI and ML models have become an essential part of the FinTech sector, predicting outcomes and making decisions, especially in fraud.

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