Tag: Compliance
Navigating the EU AI Act: A strategic guide for AML and...
The upcoming Artificial Intelligence (AI) legislation, notably the European Parliament's Artificial Intelligence Act, is poised to redefine the regulatory landscape for financial institutions. Touted as the globe's inaugural framework for "trustworthy AI," the act is set to amplify the compliance obligations of anti-money laundering (AML) and anti-fraud teams. However, this impending challenge is mitigated by the availability of purpose-built AI solutions tailored to meet these burgeoning requirements.
Norm Ai secures $11.1m seed investment, revolutionising regulatory compliance with AI
Norm Ai, a pioneering company in the RegTech industry, has successfully closed a substantial seed funding round.
UK tops global list for shell company risks, new Moody’s Analytics...
The United Kingdom has emerged as the global hotspot for shell company risks, according to the latest interactive research unveiled by Moody’s Analytics.
Navigating the risks: The urgent need for effective MNPI management
In recent years, the management of Material Non-Public Information (MNPI) has emerged as a significant concern within the compliance sphere. Regulatory bodies in the...
Navigating the Corporate Transparency Act: A guide to the new US...
The Corporate Transparency Act (CTA) ushered in a significant shift in beneficial ownership reporting requirements starting from January 1, 2024. This change is more...
Kroll and ViClarity launch comprehensive solution for managing IAF/SEAR regulations
Risk and financial advisory experts, Kroll, have collaborated with technology specialists ViClarity to introduce a comprehensive solution for managing IAF/SEAR regulations issued by the Central Bank of...
The future of KYC: Adapting to new challenges in the banking...
Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to...
Why communications monitoring is currently a ‘wild west’
The current communication monitoring landscape is a ‘wild west’, and firms need to ensure their processes are nimble so they can adapt to new and evolving communication channels.
The future of compliance: Emerging trends and predictions for 2024
2023 was a pivotal year in digital communications governance. In the US, regulatory bodies imposed hundreds of millions in fines, extending their reach from banks to broker-dealers, investment advisers, and credit rating agencies. Similar actions were observed in the UK, with regulatory bodies sanctioning banks and fining firms for non-compliance in trading communications.
Firms are getting transaction reporting wrong, Novatus Advisory offers the solution...
Transaction reporting is a necessary requirement for countless regulations, and yet Novatus Advisory co-founder Matthew Ranson believes many firms are getting this process wrong, and they might not even be aware of it.