Tag: financial regulation

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.

The wave of recordkeeping enforcement actions in the finance sector has now expanded to brokers, investment advisers, and credit rating agencies. Leading this charge are the U.S. Securities and Exchange Commission (SEC) and the Commodity Trading Futures Commission (CFTC).

Key Italian FinTech investment stats in H1 2023 • Italian FinTech deal activity reached 33 deals in H1 2023, a 6% drop YoY • Italian FinTech...

Flagright recently detailed how financial industry companies can manage third-party risks in compliance solutions.

MSB have emerged as a crucial part of the financial ecosystem, bridging a gap that once only traditional banks would fill.