Tag: Financial Industry Regulatory Authority
Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges
In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.
Goldman Sachs settles $6m SEC penalty for incomplete blue sheet submissions
Goldman Sachs & Co. has settled charges with the Securities and Exchange Commission (SEC) for neglecting to supply comprehensive and precise securities trading details, otherwise known as blue sheet data. The prominent financial institution has consented to a penalty of $6m to conclude the SEC's allegations.
How explainability is reshaping fraud detection in the financial sector
AI and ML models have become an essential part of the FinTech sector, predicting outcomes and making decisions, especially in fraud.
FINRA fines Citigroup $1.25m for background check failures
Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $1.25m for deficiencies in its background checks.
FINRA releases report on regulatory technology
Financial Industry Regulatory Authority (FINRA) has highlighted five key areas here industry participants have most prominently leveraged RegTech innovations.
Conduent to sell HR business to H.I.G. Capital
Conduent Incorporated has agreed to sell its US-based human resource consulting and actuarial business H.I.G. Capital.
