Tag: RegTech

Allison Lagosh, Compliance Advisor and Director for Saifr®, recently shared her experience and observations from the FINRA Annual Conference. The annual conference serves as an insightful platform to discuss future-focused themes in the FinTech industry, offering an opportunity to leave behind the daily grind and delve into the industry's key issues.

Organisations worldwide are increasingly seeking ways to optimise their customer risk assessment (CRA) and anti-money laundering (AML) risk management strategies. Implementing effective CRA and AML procedures plays a crucial role in providing an accurate analysis of the potential risks that new clients might pose.

In a recent post by Saifr, the company outlines four of the key capabilities involved in today’s world of AI.

The Attorney General’s Department (AGD) in Australia initiated a public consultation on 20 April 2023 to discuss proposed reforms to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. These potential changes aim to broaden the current AML/CTF legislation to cover 'tranche-two' high-risk sectors including lawyers, accountants, real estate agents, company service providers, and dealers in precious metals and stones.

Moody's Analytics recently highlighted the importance of screening wildlife trafficking in supply chains to cut financial crime. 

WealthArc, a major player in the WealthTech industry, has recently highlighted key components of the Financial Services Act (FinSA) or FIDLEG compliance and how its platform aids companies to meet the Swiss Financial Market Supervisory Authority's (FINMA) expectations.

Embracing cutting-edge financial crime detection technology is critical for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Fraud teams.

Levine Leichtman Capital Partners (LLCP), an international private equity firm, has made a significant investment in cleversoft Group, a top-tier provider of regulatory software for the financial services sector.

In the rapidly evolving FinTech space, executive-level individuals across various organisations are finding themselves under the microscope. Theta Lake's Susannah Hammond recently explored the current minefield of accountability. 

The introduction of GenAI has brought wide-ranging and disruptive change to a vast range of industries. In the area of risk management, this is no different.