Institutional Investment & Trading

Institutional Investment & Trading

How ethical hackers can help FinTech companies fight cybercrime

The threat from cybercrime has never been greater. As a result, corporations and governments are increasingly turning to hackers for help with the promise of cash rewards known as bug bounties. And experts suggest that it’s the best way to boost cybersecurity.

NatWest could face £340m fine following money laundering neglect

NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.

Virgin Money looks to aid firms’ ESG posture with new app launch

Virgin Money has introduced a new app focused on providing an assessment of a companies’ ESG impacts by measuring, tracking and offering guidance.

An anniversary to forget: one year on from the FinCEN files leak

Documents from the US Financial Crimes Enforcement Network (FinCEN) were leaked to the press and published globally in September 2020. It exposed over 2,100 documents and around $2trn in transactions and showed how some of the world’s largest banks enabled criminals to move dirty money around the globe. A year on, has the industry been able to clean up its act?

How can firms assess the risks associated with a politically exposed person?

A recent webinar by Alessa by Tier 1 Financial Solutions has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.

UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis

Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.

Risk of price bubble in ESG markets growing, BIS warns

The Bank of International Settlements (BIS) has warned of the escalating risk of a price bubble in environmentally-friendly-focused asset markets.

Check Point set to bolster cloud security expertise with Avanan acquisition

Israeli cybersecurity firm Check Point Software Technologies has entered an agreement to buy cloud email security company Avanan for an undisclosed fee.

CBIRC demands insurance company self-checks in management crackdown

The China Banking and Insurance Regulatory Commission (CBIRC) has called on online insurance firms to conduct self-assessments to identify violations and make corrections.

Research provides guide for financial services industry in reducing gambling harm

UK charity GambleAware has published a guide to help companies in the financial services market reduce gambling-related harm to customers.
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