Tag: Goldman Sachs

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.

Goldman Sachs and Citigroup Global Markets have been fined $5.5m and $2.9m respectively for substantial recordkeeping failures.

Politically Exposed Persons (PEPs) are a key topic of discussion right now. Fenergo recently took the chance to dip deeper on PEPs and the fight against financial crime. 

Secure Code Warrior, an industry-leading agile learning platform for developer-focused security leaders, has announced the completion of its Series C funding round.

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.

Droit, a RegTech company providing companies with intelligent decision-making tools for compliance, has raised $23m in its Series B round.

Netskope, a secure access service edge (SASE) provider, has closed an oversubscribed investment round on $401m.

TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.

Armalytix, which streamlines data collection and intelligence for AML checks, has reportedly raised $1m in funding.

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.