Tag: financial regulation

Ensuring compliance with sanctions screening is pivotal in risk management for globally operating businesses.

The recent separation of the UK from the EU has set the stage for regulatory divergence between the two jurisdictions.

Navigating FCA's CP24/2 Consultation: Implications for financial compliance and transparency

Sanctions play a crucial role in international diplomacy and law enforcement, ensuring that countries and entities adhere to international norms and regulations. Keeping up to date with the ever-evolving sanctions regulations, including OFAC's 50% Rule and the EU's new directives, remains a top priority for companies worldwide.

SS&C Technologies Holdings, a provider of financial services and software, has announced a strategic partnership with Regnology, a frontrunner in regulatory reporting technology.

The European Securities and Markets Authority (ESMA), the regulator and supervisor for the EU's financial markets, is currently on the lookout for new members to join its Securities Markets Stakeholder Group (SMSG).

Big changes are sweeping through Europe's financial landscape, thanks to the introduction of stringent Anti-Money Laundering (AML) laws. These new regulations are particularly significant for high net worth individuals (HNWIs) and businesses in the luxury sector. The mandate? Heightened vigilance and transparency in financial dealings, aiming to curtail the misuse of funds.

As the end of the year draws near, financial firms are under the gun to complete their annual FINRA and state/jurisdiction registration renewals. With deadlines fast approaching, it's critical to have a robust framework in place for timely, cost-effective, and efficient renewals, not just for this year but for the future as well.

Mastercard's joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has attained formal approval to initiate domestic bankcard clearing operations within China.

Politically Exposed Persons (PEPs) have been a longstanding concern in the world of banking and finance, with their identification being a crucial element of anti-money laundering (AML) regulatory requirements for over two decades. Recent events, such as Russia's invasion of Ukraine, have propelled PEPs into the spotlight, as even prominent figures in British politics found themselves denied access to their bank accounts due to their PEP status, as Moody's Analytics discussed in their recent white paper.