Tag: financial regulations 2023

A deep dive into AML non-compliance costs and Flagright’s AI-driven solution

In an increasingly interconnected financial landscape, financial crime has become more sophisticated, underlining the importance of maintaining robust anti-money laundering (AML) compliance for financial institutions. With stringent regulatory scrutiny and technological advancements, financial institutions must adhere to strict AML regulations to deter activities such as money laundering, terrorism financing, and other financial crimes. Moreover, understanding and considering the significant cost of non-compliance is vital.

How can firms navigate FATCA and CRS reporting?

Ensuring compliance with CRS and FATCA can often feel like navigating a regulatory maze fraught with potential pitfalls, claimed MAPFinTech.

UK banking licence eludes Revolut amidst financial scrutiny and executive exodus

The Bank of England is reportedly on the brink of dismissing Revolut's persistent bid for a UK banking licence

Navigating market abuse enforcements: current focus and future implications

eFlow Global recently outlined some of the biggest challenges around navigating market abuse enforcement and future implications.

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